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Beware of NTEK stock promoters
Despite what they said, the stock is down 99% from its high. They diluted billions of shares, and now the company is dark/closed up its offices and ultraflix is treading water with no new content being added almost all year.
Looks like ntek is down to 2 employees, phil and jeff foley working from home trying to fend off lawsuits, and a couple of tech support interns who also work from home.
NTEK - the legal expenses are piling up.
No money for new content.
Beware of NTEK stock promoters!
They bought at a much higher price and will say whatever false and misleading lies they can in an attempt to push up the share price with new buyers.
NTEK will never provide audited financials because NTEK financials are cooked and fraudulent. If they could have audited they would have 3 years ago when they first said they were doing audits.
K2 lawsuit is going to sink NTEK.
September 29, 2016 - Court day for NTEK
K2 is afraid they won't see their money back and is asking the judge to enforce the settlement.
There is no new management at NTEK.
It's just Phil and Jeff Foley working from home trying to fend off the lawsuits.
NTEK can only pay their legal bills by massively diluting shareholders.
NTEK is broke and fraudulent.
Heading for bankcruptcy or SEC suspension. One or the other by end of the year IMO.
Terrible news for NTEK longs.
NTEK is on a multi-year dilution induced downtrend.
Far better odds making a profit by taking your money to Vegas then "investing" into the NTEK dilution scam.
Do not a believe a word out of these penny scammers.
They have 3 years of false and misleading press releases and whole history of unfulfilled promises.
Now they're being pegged with lawsuit after lawsuit.
NTEK is heading for bankruptcy or SEC suspension.
NTEK is nothing more than a Foley Enrichment Scheme.
Dave set up that way from the very start. Investing in NTEK is placing your hard earned money into the pocket of a Foley.
Nobody answers phones at NTEK, HQ closed up and dark, employees all bailed.
The writing is on the wall. NTEK is broke and now a borderline zombie-ticker with no real employees or physical location.
NTEK is down to a couple of employees, all relatives of the incarcerated founder Dave Foley.
All the other long-standing employees bailed near the start of the year. Ted Campbell gone, Al-Stone Gone, Aaron Taylor Gone.
Any executives besides Foley? Nope.
NTEK stiffed so many people they did business with its hard to keep count. Latest victim of non-payment is Dan Wong. Now while I don't think Dan Wong did anything to constitute $5k a month from NTEK I DO think that people/companies should stick to their word and uphold contracts. If they had a contract it should be fulfilled.
But we all NTEK is all about the contractual fraud, just ask K2 communications.
The stock promoters won't stop until they milk NTEK longs for every last penny.
If he really did meet 3 sales people "invested in the company that owns Ultraflix", then I give my condolences to those sales people. NTEK is an awful investment, on a multi-year dilution filled downtrend.
NTEK looks to be headed for either the grays via suspension, or bankruptcy. They need massive shareholder dilution to stay in business.
NTEK stiffed a lot of people they did business with (per the lawsuits), diluted a billion + shares to the incarcerated founder's fake shell company Royal Capital Group, then they pulled a massive reverse split and went dark, stopped answering their phones and it looks like Jeff cleaned out their main offices and shut the lights off behind him.
NTEK doesn't promote Ultraflix.
They only seem to want to pay pump and dump website to promote NTEK stock.
Akyumen phone will do nothing for NTEKs bottom line.
The stock will still bleed red and they'll still have to dilute shareholder value away to stay afloat with or without this phone.
No new content for Ultraflix.
Just the same old rehashed paramount movies which are set to expire at the end of the year.
NTEK has 400 million post R/S shares available for dilution.
With a ~95 mil O/S and a ~500 million A/S. The stock will be down 20-30% randomly whenever they decide to put the dilution tap back on.
NTEK what happeend to the September Rally, News, Akyumen Release?
As usual NTEK fails to deliver and the stock sells off heavily.
Ultraflix fake reviews are all over the web
Mitche Lowe does NOT work for NTEK!
NTEK paid Mitche Lowe to use his name to pump the stock. You would never know about Mitche Lowe/NTEK if not for NTEKs past PRs as Mitche Lowe has completely disassociated himself from NTEK and Ultraflix.
NTEK HQ has been locked up and dark for months.
Nobody answering the phone when you contact any number related to NTEK.
Only 2 employees - Phil and Jeff Foley, relatives of the Felon Founder Dave can be verified as working there. All other long standing employees are gone.
No new content/uploads for six months and the paramount deal is now expiring.
No IR for NTEK - Dan Wong bailed.
No audits, no NTGL shares, no new employees, no new deals.
No advertisement/marketing for Ultraflix whatsoever.
Its not a dead stock though. Should have been sent to the grays a long time ago, but it's still here, trading, dilution shares, and scamming people out of their money.
Most importantly the pumpers are still pumping this stock trying to get new suckers to buy in.
Anyone that's been following this stock *objectively* over the years knows how much of a joke and a scam it is.
NTGL is a scam within the NTEK scam.
Its a scamception.
NTEK will never be audited.
The whole Royal Capital Group scam with Dave Foley setting up that company and funneling hundreds of million of shares to it before going to prison sees to it.
NTEK has been claiming audits for 3 years and they couldn't even audit NTGL which had no revenue.
NTEK paid Mitche Lowe so they could use his name to pump up the stock.
He doesn't work for NTEK in any capacity. In fact if it wasn't for past NTEK PR's you wouldnt even know mitche low is associated with ntek.
only 2 employees at ntek right now are Phil and Jeff Foley relatives on Dave Foley the founder/ceo who is currently serving time in prison for multiple fraud convictions.
Really not surprised with NTEK.
So much about this penny stock is shady or fraudulent.
Ultraflix hasn't been updated with new content for a long time, almost half a year.
Tweeting out the same old rehashed films is not adding new content. What happened to the deals, employees, audits, NTGL shares?
Ultraflix fake reviews are all over the web
Ultraflix Reviews
Oh its so obvious NTEK is a Foley Enrichment Scam.
Set up that way from the start.
The fact that NTEK stock has any remaining value whatsoever is a testament to the greed and gullibility of penny stock investors.
That pumper has to be on Foley pay role. Maybe its Dave's Nephew? After all we know the only people working for NTEK anymore are Foley relatives.
It's so easy to tell which reviews are fakes from shareholders and which ones are genuine from people without money invested.
Stuckholders have posted tons of fake reviews of Ultrafail all over the web and its blatantly obvious.
No new movies in six months and the paramount deal is ending this year.
NTEK so screwed.
Remove all the NTEK shareholders posting fake 5 star reviews and that number is much, much smaller.