https://www.youtube.com/watch?v=xLpfbcXTeo8
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That BACKDATED CONvertible debt alone is enough to send DaDaveyFelon back to prison and send Jeffy to another BOP hostel.
Jeffy and DaDavey -------> Federal prison, BIG tax prollems, longtime for DaDavey - 10+ years
WireTransferTaylor ------> Federal prison or a long suspended sentence
Phil Foley -------> Fines, disgorgement, potential tax prollems
Ted Campbell -----> Plead ~OUTT to stay ~OUTT of prison - probation and possible tax prollems
Others (Lisa, Pool Boy, Lorraine, Denise, etc.) ----> too early to know their fates
Petey -----> teed up to gett a Git ~OUTTa Jail FREE card with his USB external drive and photocopies. Even a civil settlement with a non-disclosure clause cannot be used to enforce someone from disclosing a violation of law to the authorities. Even if DaFoleys settle with Petey, he can still trade his goodies and it won't breach his settlement agreement. No NDA can be enforced against a party disclosing evidence of a crime to authorities.
Petey can take the munny and then hand over the goodies to the US Attorney, SEC, and IRS.
Oops - NTEK DOWN 98.65 percent in about 2 years - from 0.17 to 0.0023.
Math error - ONLY DOWN 98.65 percent - going into the CRUSHING REVERSE SPLIT!!!
Oopsie!!! So all is well now!! ONLY DOWN 98.65%.
I don't want to seem too pessimistic. Hahahaha!!!
Still has 1.35% LEFT TO GO before SIX ZEROES.
BAM!!! FACT!!!
DENIAL IS FUTILE
NTEK down 99.986 percent - from 0.17 to 0.0023 - in about two years.
And now a crushing REVERSE SPLIT
"We know what we own baby"
So, what's the REVERSE SPLIT RATIO, baby?
Is CEO Rutabaga Bob Talbot still in the locked box in the nutcase house?
He needs a Weekend at Bernie's - get a little sun, 'sign' some official NWGC AGCZ securities documents for Roy, and rage against the machine.
Who wants to volunteer to take Rutabaga Bob on the long-promised NWGC shareholder trip to Ecuador to see the mines that NWGC and AGCZ has no legal interests in?
NWGC CEO Rutabaga Bob Talbot seen recently - as usual up to his top in dirt
Let us TRADE.
Remove your ABUSIVE lock making us VICTIMS and HOSTAGES.
I'm not asking for one cent! I'm asking to be released as a VICTIM of the SEC bureaucrats.
Give me MY restitution: UNlock SPNG stock VALID SHELL at DTCC."
Disgusting! You want to sell your WORTHLESS shares in a dissolved Chapt 7 liquidated company to some suckers who would buy this worthless dreck from you.
That is no better than what M&M did to you by selling shares in a worthless scam front.
Spongetech is liquidated in the Chapter 7. In Chapt 7 for corporations, the debts are NOTT discharged, they continue - the corporation is liquidated and those claims remain against the corporation until formal dissolution and revocation by the SOS.
There is nothing left.
And you want to be allowed to sell your worthless shares - which you know are worthless - to some other poor schlub.
That's FRAUD - and unethical - and really, really despicable.
Yes, that can be illegal - it depends upon what was written, was it known to be false by the person who was posting it, was the discount PPs really a form of compensation or was it totally unrelated to the activities of the person as a pumper or bird dog (finding other PPers who gott a lesser discount or none), when the sells were done did the person 'condition the market' with close-in-time prior promotion via rumors, lies, inside information disclosure, etc.
Did the person tell others to buy when they were selling - that's a BIG no-no.
Was the person soliciting investments without a broker's license?
So it is very fact dependent in that situation you broadly sketched.
Yes, if you were manipulating the PPS and then selling and you acted as an undisclosed compensated stock promoter, you can be legally liable both civilly and criminally. If you are compensated to promote the stock, if you do nott disclose that fact and you sell your shares while you are acting to manipulate the PPS higher using false information, you've committed securities fraud.
If you are the brother of the CEO, you acting in fact (de facto) as the company CEO yourself in a shadow capacity, and you are concealing your ownership in an entity that is CONverting and dumping stock - especially above the VOLUME LIMITS of an affiliate - you are committing securities fraud - especially when the pattern establishes that it was your intent to do so and nott 'an accident'.
BACKDATED floorless convertibles are illegal when used to issue free trading stock. Nott disclosing that an affiliate (brother of CEO Jeffy) is the holder of a CONvertible note that is COnverting and dumping above the VOLUME LIMITS imposed on affiliates is ILLEGAL. Posting on message boards or Twitter and pumping the stock with lies while he was/is CONverting and dumping is illegal.
Those are all SECURITIES FRAUDs.
CONducting business from prison is a rules violation of the BOP. Approving reverse splits, providing accounting information, sending instructions to WireTransfer and Jeffy CEO are all rule violations. That gets his privileges restricted and makes him ineligible for halfway house time.
You don't need smoking gun evidence. I send everything I'm aware of. You all should send it too. The more the better - even the same stuff.
They even just need to hear VOLUME of victims - people like DaCat and others who need to send them all your thoughts and complaints about DaFoley and Royal Capital Group and NTEK, NTGL, backdated floorless CONvertible notes that are issued directly into the float as proven by the weekly TA figures and cannot be reconciled with the amount of CONvertible debt on the 'fins' 12 months prior to the CONversions.
Etc. etc.
Just let the US Atty's office know your thoughts and turn up the transponder echoes on their radar screens.
hanley.chew@usdoj.gov
susan.knight@usdoj.gov
brian.stratch@usdoj.gov - the current Acting US Attorney in the SF office (Melinda Haag resigned last summer and went into private practice)
You don't need a smoking gun to let them know your thoughts about the NTEK/NTGL scam.
hanley.chew@usdoj.gov
susan.knight@usdoj.gov
cc: brian.stretch@usdoj.gov
The 2018 FoleyFamblyReunion is gonna be tough to arrange, with all DaFoleys that will be scattered across Bureau of Prisons facilities across the Lower 48 - from FCI-Danbury to FCI-Taft and FCI-Lompoc and FCI-Mendota and FCI-Terminal Island.
And WireTransfer Taylor will be losing his extra 140 lbs on the Bureau of Prisons Diet that DaFoley claims has shaved 50 to 80 lbs off him every six weeks. DaFoley must be down by over 1400 lbs by now according to his posts on Etikallc.com - that would put him at a minus 760 or something.
Maybe DaFoley hasn't actually lost any real weight, he's just been reverse splitting the scale read~OUTTs.
"Nasdaq can be sued for damages"
The company (KBIO) withdrew its appeal.
Pretty much ends the quixotic quest against NASDAQ since the company itself withdrew its appeal of the decision.
Have fun! Good luck with standing.
Well of course NTGL is a scam. That's obvious.
It's also a clownshow and a joke. That's the funny part.
Aa... aaa... aaaaron Highballwatertower is the Ex-Prez-I-Don't after getting kicked to DaCurb and having a series of ~OUTTbursts and meltdowns. He's certifiably a nuttcase and has the mind of a 12 year-old boy (note: this is nott meant to excite any particular NTGL booster/victim).
Alan Stone(d) is simply a scumbag. Fortunately, he'll be Czeching ~OUTT of NTGL (and other things) soon enough. Butt even with him G-O-N-E, other than Stevia there is nobody at NTGL worth a damn.
It's Romper Room in a low-rent strip mall unit. That's it.
NTGL employees hard at work
So, NO audit. NO S-1, NO APPLICATION for a gaming license needed to manufacture and place any device.
ZERO placements. ZERO trials. ZERO sales. ZERO revenue. Staff is a collection of ZEROES.
The NTGL clownshow continues going NOWHERE butt in the smoking hole in the ground.
"Scottrade wasnt shorting CRGP only etrade was."
Where did you obtain information proving that E*Trade was selling short CRGP stock?
Do you have a link to substantiate that claim and also that no other brokerages (e.g., Scottrade, Schwab, Fidelity) were not?
Otherwise, the claim has no credibility.
Gosh, I've been so bizzy since returning from a four-day mini-vacation for Valentine's Day, I forgot to report my Best Buy experience from Palm Springs.
Well, technically the BB is in Palm Desert, butt it's all part of Palm Springs which, like LA, is just one town rolled right into the next and separated only by a stoplight and common street.
Anyway, the Palm Desert Best Buy - Saturday - went to the TV section and pretended to look for 4K sets. Asked the salescritter which was the best maker, model, technology ... and if any of the sets came with UltraFlix. The salescritter had the deer-in-the-headlice look and said "I'm nott shure, butt I can find ~OUTT." He made a phone call and - his supervisor or whomever he called never heard of UltraFlix either. I said no BIG deal and went back to chatting him up. Then I asked if the manager was available and he called over the area assistant manager.
I then axed the assistant manager if any of the sets came with UF. He also never heard of it. I asked him if any of the sets had $10 UF gift cards in the box. He said he didn't know, and if the box doesn't say it comes with a gift card, it probably doesn't.
Neither the salescritter nor assistant manager ever heard of UltraFlix or any $10 UF gift card - nor did the person the salescritter called on the phone.
So evidently the 18-month training for Best Buy sales associates on the NP-1 and UF hasn't even started yet.
Nope, nott announced or in the NVSOS yet. It has to be at LEAST 1 for 100.
I expect 1 for 1000 though, along the lines of your idea of the ratio.
It's what I've seen in most other dilution scams with huge toxic debt overhangs and subpenny PPS.
Like HIPH (and EXPU) which did TWO 1 for 1000 RS within a year. Or PPJE or dozens of other similarly situated scam pennystocks.
LOL!!! The insiders SOLD all the COMMON shares back when DaFoley added the SUPERVOTING Series A Preferred shares over a YEAR ago.
That's when the real TIDAL WAVE of dilution occurred. Because DaFoley controls the majority of total votes with those 5,000,000 SUPERVOTING preferred shares even if every single common share votes opposite.
Common became utterly useless and powerless when DaFoley's NTEK added and issued to DaFoleys the 5,000,000 SUPERVOTING preferred Series A shares over a year ago.
Then the real deluge of COMMON stock printing and dumping into the market took off.
LOL! Remember when there was NO WAY NO HOW the AS would go over a BILLION? NEVER. Guaranteed! Mark it!!!
LOLOL!!! Remember when there was NEVER going to be a REVERSE SPLIT - NO WAY, NO HOW. NEVER. Guaranteed. Mark it!!!
NTEK shareholders hit with a flood of newly issued COMMON shares from CONversion of illegally backdated toxic floorless CONvertible debt claimed by DaFoley after he created and issued himself the SUPERVOTING Series A Preferred shares
I'm shure the $1.3 million in toxic CONvertible debt to ROYAL CAPITAL GROUP (aka DaFoley) is BACKDATED just like all the floorless CONvertible debt up until now that clearly was nott 12 months old because it was far too BIGG to have been from the small amounts of CONvertible debt shown as carried on the 'financials' that were 12 months prior to the CONversion dates shown on the share issuances disclosures claiming that the RCG issuances of hundreds of millions of shares were from aged debt (which was nott present on the "Q-like" and "10-K-like" "financials" posted by NTEK on the paid ad site OTCMarkets.com 12 months prior to the issuances).
The REVERSE SPLIT is nott a "buyback". Just FYI.
And the increasing OS and FLOAT are also the opposite of a 'buyback".
Oh, and NTEK is BROKE, which makes them unable to pay their court settlement creditor except over 7 months at $100,000/month, so NTEK has no munny for any 'buyback'. So there's that.
HTH.
Roger, I gott the math off by a bit.
These numbers are so huge it hardly matters. NTEK shareholders are SCREWED by the RCG toxic discounted floorless CONvertible debt - and the need to raise $700,000 more CASH in the next 7 months to make the monthly nutt owed to K2 in the court settlement.
The math error is regrettable - butt when you're dealing with BILLIONS of shares it is easy to misplace a decimal point or such.
I'll redo the exact numbers later tonight or tomorrow and adjust just how many BILLIONS of shares it is.
Apologies.
I would guess that he wants it sealed to avoid disclosing the legal strategy that COR plans to use to identify the criminoles using the E*Trade information.
Since COR is requesting a broad discovery of E*Trade, they have to explain to the judge WHY they need that broad scope. Their reason is likely to involve and explanation of their plan on how they will use that information to identify specific unsavory parties that COR will then wish to pursue.
So they may request the sealing of their reply and exhibits to avoid tipping the miscreants about HOW COR intends to identify them.
That's my guess.
91.2 BILLION shares owed to be issued for the $1.378 million in ~OUTTstanding CONvertible debt at a 50 percent CONversion discount to the current PPS of 0.0023.
PLUS
ANOTHER 304,347,826 shares needed to be SOLD (somehow - since the company can't LEGALLY issue free-trading shares and sell them) to pay the $700,000 CASH to K2 (since K2 is nott taking restricted shares - only CASH now) - assuming a VWAP of the current PPS of 0.0023.
So, BEST CASE, 91,200,000,000 shares to be issued to DaFoley's ROYAL CAPITAL GROUP for COnversions of the $1.378 million CONvertible debt on the books
AND
304,357,826 shares to be somehow issued and sold (legally, which I don't see how that can occur to issue unrestricted shares since K2 is nott taking shares in payment).
Even if the CONvertible notes are reduced to 20 percent, that's still 18.24 BILLION free-trading shares for CONverting the remaining 20 percent of the CONvertible debt at a 50 percent discount to the current PPS of 0.0023
AND 305 million more for K2 if somehow the company can legally sell those shares to pay K2 (assuming a VWAP of 0.0023).
LOL!!! This will be a HUGE reverse split!!!! Just HUGE!!! Easily 1 for 100 and more likely a 1 for 1,000 RS.
Because - the MATH says it HAS to be!
Down 98 percent on your NTEK stock? Relax, in a few weeks it'll be down another 99.9 percent after the crushing reverse split needed to pay DaFoley's ROYAL CAPITAL GROUP and K2.
Because TOXIC CONvertible floorless debt and K2's debt are unaffected by the RS! Only ISSUED shares are affected.
LOL!!! This is toooo funny. It's soooo OVER!!!!
KABOOM goes the toxic debt!!!! FACT!!!!
In the lower panel, who are the jamokes in the upper left and upper center, respectively?
If you don't wish to post, please PM the info. If needed, during Happy Hour on Friday.
Thanks.
NTGL is a complete clownshow. Oh, and Highballwatertower, you bettah Czech dis ~OUTT:
http://www.engadget.com/2012/01/03/atari-allegedly-claiming-copyright-infringement-on-hundreds-of/
ROM code is copyrighted, as is the artistic, creative nature of the Atari games themselves - like ASSteroids.
How many copyright violations does NTGL wish to pile up?
BTW, copyright infringement does nott just incur civil liability to the copyright owner, butt can also result in up to 5 years in Federal prison if the Feds decide to file charges on ya.
Quit pirating games - like Pacman and Asteroids - that's one of the reasons DaFoley is in Taft right now - game counterfeiting and software piracy. Selling rights he didn't own or license.
90 BILLION shares are now owed at a 50% discount to market at a market PPS of 0.0023 per share (the current price today, based on VWAP today).
45 BILLION shares at 0.0023 is now owed to CONvertible debt - no, wait, that's nott counting the DISCOUNT TO MARKET PPS!!!!
So at a 50 percent discount to market, that's 90 BILLION shares that would need to be issued at an average PPS of 0.0023
And that's NOTT counting the $700,000 they must pay to K2 over the next 7 months!!!
Bwahahahaahahahahahahaaa!!!!!!
MATH IS FUN!!!!
I love it when these toxic CONvertible DEATH SPIRAL scams blow up and they go exponential.
45 BILLION shares at 0.0023 is now owed to CONvertible debt - no, wait, that's nott counting the DISCOUNT TO MARKET PPS!!!!
So at a 50 percent discount to market, that's 90 BILLION shares that would need to be issued at an average PPS of 0.0023
Ahahahahahaha!!!!
DaFoley's ROYAL CAPITAL GROUP was issued 105,000,000 in free-trading NTEK shares in Q4.
Butt who's counting? The number of aggregate shares issued to DaFoley in this obvious scam is absurdly huge already. What's another 105,000,000 here and there every Q.
The important thing is that the declared CONvertible debt load that was OUTSTANDING at the end of Q4 is waay UP to $1,378,648 which equates to HOW many shares that NTEK must print at 0.0023 and below?
45,652,173,913
45.6 BILLION shares.
20 percent of that alone would be just under another BILLION shares.
BAM!!! FACT!!!!
Toxic CONvertible DEATH SPIRALS are fun!!! Reverse splits are fun!!!
NTEK is to streaming media almost exactly as SPNG was to sponges.
No, they LOST $150,000.
And the Accounts Receivable was DOWN $1.3 million, so they have declining revenue too.
Is there a free source which can be used (without heavy lifting) to access the VWAP for a security over a given time period, such as the Q4 for BTEK?
Since these "offshore firms" cannot sell OTC securities directly, as a Market Maker is the only market participant who has direct access to execute a transaction and is bound to deliver by T+3 or the trade is reported as a Failure to Deliver (FTD) by the counterparty,
Please explain how an 'offshore firm' effects a 'naked short' (NSS) position without that position showing up on the FTD list in the aggregate FTDs for that security.
And which MMs would effect such transactions and hold such naked short position for a client, risking their license, their own munny in fines, and ability to remain a market participant with direct trading access?
Second, how is it that you know the 'offshore firms' NSS position in NTEK and exactly how many shares is it?
Can't wait to hear the explanation.
Al Stone is a scumbag. That is all.
He was upROOTed from the 15th tee box.
If Bob could talk, he'd tell investors nott to turnip their noses at this incredible buying opportunity to buy more of his (and Roy Meadows') INCREDIBLE shares.
For those needing a hint:
as to WHY NTEK is claiming to reduce toxic CONvertible debt by only 80 percent instead of 100 percent,
allow me to offer you this small hint:
change the percentage of claimed CONverible debt reduction to ANYTHING less than 100 percent - say 99.9 percent - and the REASON will nott change.
Here's a BIGger hint: in order to make any percentage of CLAIMED reduction in CONvertible debt absolutely meaningless, all they have to do is make it anything less than 100 percent.
Anything less than 100 percent is the same as no reduction at all. A 5 percent reduction in CONvertible debt is absolutely no different than a 95 percent reduction.
It's nott that hard if one thinks about it and know what's been going on and CONtinues to go on with NTEK and DaFoleyFelon.
Ask yourself WHY there is such a huge difference between a 100 percent reduction and a 99.9 percent reduction - as different as black and white. WHY does NTEK and DaFoleyFelon always need to carry the appearance of sum CONvertible debt always outstanding on DaBooks. The number is meaningless - it's just a meaningless placeholder - a distractor.
Still waiting for the credited response to show upp ...
Boca Bob Talbot fell off the turnip truck, now upgraded to rutabaga, With some intensive rehab, he might get promoted to parsnip in 12 months.
The only interest in this scam is guessing which which vegetable the CEO is on any given day. Today, he's at rutabaga level.
LOL! Remember when the AS was never going over 1 BILLION - no way no how, nott gonna ever happen? Guaranteed.
Yeah.
1.79 BILLION and a REVERSE SPLIT.
Any NTEK long wanna take a swing at WHY the RS is only being claimed by the company to reduce 80 percent of toxic debt and NOTT 100 percent?
I know the answer, butt I'd like to read how NTEK longs rationalize WHY the company is only claiming to reduce toxic debt by 80 percent and nott 100.
I wonder if they have even CONsidered the reason, or just blow by it entirely figgering 'ah, that's OK' and move on buying NTEK's boolsheet CONmunications and hand-waving without wonderment of the reasons behind these things.