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NTGL- Up today 123% on heavy volume!
Not according to this write up just released today by someone who actually is in the 4K business and knows what they are talking about.
http://4k.com/news/ultraflix-releases-4k-content-app-for-owners-of-apple-imac-with-5k-retina-display-7316/
Please be patient, its in the works
Nice find!! And just the beginning
Go NTGL and NTEK !!
I already told you for the last time contact NTEK or IR and ask them what they did to protect the value of PRE-EXISTING HVEL SH. I am a SH of both NTEK and pre-existing HVEL shares. FOR THE VERY LAST TIME I HAVE IT IN WRITING FROM NTEK THAT THE PRE-EXISTING HVEL SH VALUE AND OWNERSHIP IN HVEL WILL BE MAINTAINED AND NOT DILUTED AS A RESULT OF THE FREE HVEL SHARES GIVEN TO NTEK SH on record as of 2/6/15.
Also was provided my exact ownership in HVEL in shares and percentage terms.
Can we please not argue this point any longer as it is not debatable when my answer comes from the company in writing and I might add in very very specific terms and percentages leaving absolutely no doubt what I own.
GO NTEK and HVEL(NTGL) !!!
Iceman- You are not grasping what will actually happen with the HVEL shares. Yes the % of the 725M in NTEK will equal your % of HVEL ON THE "FREE SHARES" HOWEVER IN ORDER TO PRESERVE THE VALUE OF THE HVEL PRE-EXISTING SH, THERE WILL BE A 10 TO 1 FORWARD SPLIT OF THOSE SHARES.
DO YOU GET IT AMIGO? THIS IS SOMETHING I HAVE "IN WRITING" FROM THE CO AND NOT JUST NTEK IR.
I AM NOT GOING TO ARGUE THE POINT WITH YOU BECAUSE I ALREADY HAVE THE OFFICIAL WORD ON THIS FROM NTEK. SUGGEST YOU CONTACT THE COMPANY DIRECT AND JUST DON'T ASK THEM ABOUT THE FREE SHARES BUT QUESTION THEM ON THE VALUE OF THE PRE-EXISTING HVEL SHARES ONCE ALL IS APPROVED BY SEC.
The free shares are still a fantastic plus for all NTEK SH but there was an agreement in place prior to the deal being consummated to protect the PRIOR HVEL SH from any dilution so NTEK did the right thing.
NTEK and HVEL get them while they are cheap as you will regret chasing both in the very near future
100% in agreement- Confirmed in writing by NTEK on 2/6/15 O/S is 725M
NTEK Financials-I just received confirmation from IR (Dan Wong) that the financials will be released on 2/17/15 but pending how quick OTC updates they may not appear on OTC until 2/18/15. The one day delay per IR is due to the Monday holiday. IR has typically gotten back to me within an hour of all my inquiries. They may not always be consistent with answers but they sure are quick and responsive.
No, this is not debatable! I have this in writing DIRECT FROM NTEK. Appears you have a low opinion or are holding some type of personal grudge against some of the NTEK personnel? All I can tell you is NTEK and IR have been extremely responsive and quite clear regarding the HVEL issue and distribution. One thing I will give you is the company should have done a better job of spelling out the exact details of how the HVEL distribution would unfold. That is why I contacted them in the first place.
This is my last post on this particular matter as I have my answers "in writing" from the company itself which I believe is of much greater value than anything you or any other poster on this board might have to say about it.
Look I did NOT know how this would be addressed and this is exactly why I contacted the company and I received VERY SPECIFIC answers. I suggest you do the same and see what they have to say rather than purely speculating.
Iceman You are INCORRECT. They are using a formula to compute the free HVEL shares that protects the PRE-EXISTING HVEL SH from dilution once the HVEL distribution takes place.
How do I know? I received a written reply to this question from Lorraine at NTEK. She also specifically stated they wanted to be fair to old HVEL shares and not diminish their share of HVEL. She gave me an exact share count based on my large pre-existing HVEL shares and the new HVEL shares from my current modest NTEK holdings.
We are all going to enjoy good fortune in the coming weeks, months, years. Everyone that is but the shorts who may wish they never heard of NTEK and HVEL.
Good Luck to everyone
Worst case and best case scenarios in a nutshell
NTEK is acquired within 6-12 months by Netflix or some other media conglomerate at a PPS in the low single digit dollars.
Best case scenario NTEK moves forward with its forthcoming plan to become the next Netflix and once 4K TV's outnumber HD sets Ultraflix becomes the new leader of all streaming video. PPS explodes to current Netflix levels following steady buybacks and massive short squeeze.
Believe the 2nd scenario is much more likely as given all the talent this team has in place they will want to take this to the highest level. Talent = competitive spirit= wanting to be #1
I enjoy being part of these worse and best case scenarios when even the worse case is even "better than you can imagine".
Good Luck to all shorts out there and there is still time to join NTEK. You really do not want to be on the wrong side of things when we explode to the upside so please be very careful here.
NEWS-HVEL & NTEK SHARE STRUCTURE - I received confirmation from NTEK IR Elaine Cullivan that the HVEL Divy will be based on the HVEL O/S of 3.5M and NOT the 45 A/S. This is very good news for all old HVEL SH.
Please refer to my post # 278292 for the example of what you will receive in HVEL free shares if you were a NTEK shreholder as of 2/6/15.
Hard to contain my excitement for all NTEK & new HVEL (NTGL gaming SH) for what will truly be an amazing year ahead. This company rocks !!
I just received clarification from NTEK IR on HVEL Share DIVY and it is different than what everyone had assumed... In my case I own 1.5M shares NTEK and 120,000 of the old shell HVEL (prior to the Divy)
From Lorraine of NTEK IR
1,500,000 of 725,000,000 shares of NTEK is 0.00206896551 of NTEK (yes she carried it out to the 11th decimal !!
3,500,000 O/SHVEL = 7,241 of added HVEL shares,
SO THEY ARE USING THE 3.5m O/S AND NOT THE 45M A/S TO DETERMINE THE DIVY.
Not complaining as my old HVEL shares now have far more value.
This is by far the very best penny stock I have ever been involved in.
The SH letter was amazing. Congratulations to all longs the shorts will be deep fried.
HOPEFULLY THIS EM FROM BRUCE S. WILL PUT AN END TO THE SILLY ARGUMENTS OVER THE HVEL A/S. ITS 45M
From: Bruce Schoengood <bruce@kingmediacorp.com>
Date: 02/04/2015 11:44 AM (GMT-08:00)
To: l-e@comcast.net
Subject: Re: error
AS is 45 mil…45 bil is error. It has been corrected and will post shortly, OTC has a review process that takes a few days. It is correct on NV SOS.
Fetter I can tell you WC is working hard in his effort to retain the appropriate CA law firm for our class action. This is not an easy task and will take at least several more weeks. Hang tight
Sorry but you are incorrect. Our class action suit will most likely NOT cost SH a dime since they are accepted on a contingency basis whereby the handling attorney receives anywhere between 25-33% of the settlement award.
There are probably hundreds of Cetek investors that will gladly sign on to the CA. If you are not interested so be it but it most likely will not cost you anything so welcome aboard if you change your mind. If there is a minor fee for an initial review of the case (uncommon) myself and a few others have pledged to contribute.
The only BIG loser will be Hilal and his bank account !!
Penny, well Hilal is brazenly stealing company assets so his only hope of avoiding jail time is if he dies first but I will be happy to see either scenario happen and soon.
A class action suit will at least accomplish a few things that SH could never achieve when trying to convince Hilal to do something in the best interest of SH.
Once a securities firm is found that specializes in class action law suits for the most part SH can sit back and at least gain some satisfaction in knowing:
(1) every hour Hilal's Atty (Laskowski) spends trying to defend Hilal's ass will drain the bastards wallet by as much as $500. And yes there will be many hours, weeks, and months of this. Hilal's legal bills will be astronomical !
(2) A win for SH is likely however only expect a return of pennies on the dollar because as is the case for the majority of legal battles only the attorneys win big.
(3) If Whatscookin is willing and generous enough to invest his time in locating a securities firm that will accept our class action suit (and this type of search is a major major pain in the ass, stomach churning, and time consuming effort) I am more than willing to front any necessary retainer attorneys fee.
(4) Hilal will lose this legal battle and force the sale of his company assets to pay for the verdict and attorneys fees
(4) Previously some may have been a bit reluctant to move forward with the suit thinking it might damage the company we were invested in. Well we don't have that worry anymore.
As someone here has already stated we may go down but it won't be without a fight. Win or lose (I like our chances) the C.A. will most certainly let this bastard know SH did not just go away quietly like he may have hoped.
CETEK CLASS ACTION LAWSUIT-Penny, I have the deep pockets and yes this will go forward with or without your support. OJ man is not invited for the ride as he seemingly would rather carry on about how foolish investors have been here. I guess he thinks of himself as the genius investor who was able to sell all his shares at the highs. Apparently though OJ man did get his hands caught in the cookie in other matters so he is not to be trusted.
Just to let you know the Cetek class action suit had previously been explored awhile back but it was put on hold during the onset of the excitement generated by the reinstatement and ITAR developments.
If anyone here is not familiar with security class action law suits the majority are accepted on a strict contingency basis at no cost to SH. If however the law firm we choose needs a bit of a sweetner and additional monetary incentives are needed, I and a a few others here can certainly make that happen.
Personally at this point (win or lose) I would be happy to lay down some money if only to just place some hurt on this guy both mentally and in the pocketbook.
Class Action Law Suit vs Fayiz Hilal and Cetek Inc- Now that we know Cetek has 600K on hand plus assets and is generating a profit this is probably the right time to get the ball rolling for our class action law suit.
Before the financials were released and before Hilal decided to go private with the two subsidiaries funded with SH money (theft) not many big time law firms were interested in taking the case on a contingency fee basis.
WE NOW HAVE HILAL BY THE BALLS. WE KNOW HE HAS THE CASH FOR SH RETRIBUTION AND HE HAS COMMITTED NUMEROUS ACTS PAST AND PRESENT WHERE HE HAS NOT ACTED IN THE BEST INTEREST OF SHAREHOLDERS.
That is all we will need to make our case successful. The doom and gloomers will try to say what hilal did was perfectly legal but he did not carry out his fidicuary duties as a CEO of a public company and he cannot hide behind the fact this was only a pink sheet stock (IT DOES NOT MATTER)
We also have new owners to look forward to and we can hope for the best on that front but in the mean time there is no point in waiting because even if the outcome is favorable to SH what he did was not right and this Heil Hitler bastard should get whats coming to him
Fayiz is still running the show at Cetek, Barbara remains employed at HTI but it seems Orange has been let go under fire from the Masons. Isn't that true OJ?
Investor Protection and Securities Bureau (New York State Office of Atty. Gen.) 120 Broadway, New York, NY 10271. (They prefer you use their online complaint form and printed out and snail mail it).
I have mailed my complaint letter to the above and I suggest everyone else do the same. I also included a copy of Hilal's pathetic farewell letter.
This will be the first salvo of many to make life as miserable as possible for Hilal and I believe the more letters the NY attorney general receives the better chance we have of them taking some action.
Our next step of retaliation will include retaining a big hitter that handles class action securities law suits. Hilal and some others just thought we would simply go away...... what a big mistake!
I see it this way.... we now have effectively tripled our chances for a favorable outcome
(1) if the new owners are reputable with real revenues and start issuing PR's when they are allowed to do so we go up (2) if the new company is merely run by shady scammers with no real revenues or a solid business they will pump this up first before massively diluting allowing you to get out at a SP higher than here but you will need to act fast (3) if there is no new company and Hilal is lying once again and just blatantly stole SH money we have a slam dunk winnable law suit given his farewell letter.
I am actually excited to see Hilal exiting the picture but like everyone else wonder when we hear from the new owners.
Good luck to everyone that is still actually holding shares unlike some here who may be into some less than honest activities and whose cover has been blown.
The important FB Cetek photo now appears on the left side of the page. Cetek FB contains valuable information about the company you may not find anywhere else and in a very concise format. Go CTKHD !
Quarterly report- Note page 7 indicates the financial statements includes accounts of the company and its wholly owned subsidiary (SINGULAR). I interpret this to mean it may include Belanger but not HTI.
Either way now that Cetek is issuing quarterlies we are on a roll and more news is coming without a doubt.
Longs should be happy I know I am.
Not at all insider info in any way shape or form... sorry to disappoint you
Whatscookin Just sent you a PM- Interesting development !!
I never said anything about a picketing you have me confused with someone else. It may have been your buddy grogger who wanted to go that route
WC no need for Orange to take a hike over there I understand hes the hired hand that was hired to mow the lawn over there but has not been doing his job very well... guess hes too busy posting on message boards among "other activities".
I live a good 2-3 hours away from the facility but the next time I'm in the area I'll check things out and will post what I see. If OJ needs an update on the lawn and Caddy I can provide him a progress report on that as well
NSS - I am loving it! Shorters days are numbered and they should be nervous.
Go CTKHD
NSS of Cetek shares is a certainty and I just discovered the proof.
Although I certainly own more than my fair share of Cetek I will now be purchasing additional shares. When the NSS hits some of these guys better run for cover
And I have one of our resident bashers to thank.
Go CTKHD !!
On page two (last paragraph) of the newly released letter from Cetek's corp attorney Laskowski states he knows of no Cetek director or SH with more than 5% of the O/S who is being investigated by the SEC.
Well how can Attorney Laskowski make that statement? Do they realize there are several members on this IHUB board alone who meet the 5% threshold? They most certainly do not know our identities.
Not saying anyone here with 5% of the O/S is being investigated but maybe this gives a few of us an inroad to make some additional inquiries upon Cetek' attorney. I did call this guy once a long time ago 2005/2006 and as I recall he was one helluva SOB.
WC to answer your question a most definite yes. When you enter the facility and walk through the front lobby area on the other side is a work station and in between is a huge glass partition where the high tech workers are located. Most likely there were also additional work stations out of view. I asked Barbara if these were all HTI employees, her answer yes and when I asked her for numbers I recall something like 12-14 but definitely more than 8 and Barbara commented they were busy.
My visit was in June 2013. Rather than speculating regarding the apparent reduction in HTI employees maybe someone can contact Barbara C and ask her. Maybe she will tell us with all the new Gov't contract work at Fermi Lab they are now adding on workers.
Nice find Clyde ! Especially like the 2nd paragraph and its reference to PR's
Stocking I will repeat my view that Hilal's treatment of SH has been abysmal now for eight years and I don't think SH should simply jump with joy over the release of an annual report that contained very disappointing revenues and an O/S increase along with possibly creating more questions than answers.
Yes I agree IF this turns out to be just the beginning of the news flow we can certainly wait another week or two and see what additional material information is released but after 8 years if this is all we get we have been SADLY SHORTCHANGED.
You need to look at this from another perspective and I will state the obvious SH are in fact owners of Cetek Inc and all its subsidiaries. Every other CEO on this planet provides individuals who have invested their hard earned money into their company solid and TIMELY info so they can make an honest and fair evaluation on how they wish to proceed with their investment. This CEO has failed miserably in that regard.
I continue to believe we are severely undervalued with the Cetek market cap trading at its cash on hand and a low float.
HOWEVER I WILL NOT TOLERATE NOR SHOULD WE BE EXPECTED TO TOLERATE ANYTHING BUT FULL DISCLOSURE AND NOW... NOT ANOTHER EIGHT YEARS FROM NOW.
I will be heard from and I hope others will join me if Hilal's nonsense and crap treatment towards SH continues.
Does everyone realize CTKHD is trading at a market cap that is less than Cetek's cash on hand? This is simply ridiculous and all Hilal's doing at the expense of SH. INEXCUSABLE !!
I think even some of the more patient members of this board have had quite enough of this nonsense, I know I have.
He'a got another week or two to provide SH a real explanation of his plan going forward (another words something a real CEO would do) or the calls, emails, and letters begin to anyone and everyone with a concerted effort to reach Cetek customers and let them know what is going on.
And yes I hope Fayiz is reading these boards
Yes, agreed FH has driven us all to our breaking points and nearly everyone on this board (including me) have pretty much taken on the personality of the CEO. We have all become a bit mad/crazy.
I have to say however now that Cetek is seemingly in bed with the US Gov't, ITAR, project X etc, we can all rest a bit easier because he can no longer hide.
If he does not come out of his hole within the next few weeks, SH now know where we can go to voice our dissatisfaction and WE WILL
WC we all have our personal security blankets when it comes to CTKHD. In the top three for me has to be :
Orange and his non stop, never-ending postings defending every MM as if they were almighty saints straight from heaven.
Each and every time he denies NSS or defends these guys will just compel me to buy more shares especially at these levels.
Thanks Orange and go Cetek!
I believe you are way over thinking what may be going on here. Things are definitely happening behind the scenes that obviously we do not know about but I seriously doubt they are for the reasons you cited ie: shareholder related and/or Hilal's so called fear of personal liability.
Anything he's doing now and has been doing since he began as a public company has always been for the purpose of growing the business. Please always remember SH are always an after thought for this guy.
I still believe SH will eventually benefit in a big way but this will come about despite Hilal's disregard for SH and simply because of the severe undervaluation coupled with leaks and finally something official from the company regarding government contracts that may be enormous.