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If Longside has agreed to settle NTEK's debt for stock then what do you think will happen when they dump ~100 million freshly-printed shares?
Why would Foley make the shareholders pay this debt via dilution instead of using some of that magical $21 million that he claimed was coming for the past 9 months? Or maybe even pay it from the $10+ million he personally got from selling stock via Royal Capital?
See how silly all of this is yet?
Try multiplying by being short multi-millions of shares.
No thanks, I prefer to live in the real world. Not crazy fantasyland.
There are no buyers while there are many trying to sell.
A margin call for $70? LOLOL!!!!!!!!
If that's really for sale online they are breaking a few federal laws.
If Longside really did agree to accept stock to settle their claim what do you think will happen to the price when they sell 70-100 million shares?
Word is .....audited financials are out !! NICE !!
Well then that word is a flat-out lie. Nothing Foley has ever put out has been audited.
It's amazing how people will believe someone who has lied to them repeatedly for years.
Taking pinksheet investment advice from a message board is what got you in the mess to begin with.
THC-infused energy shots!!!!! Oh I can't wait to read the announcement for this wonderful idea!
Oh I missed the marijuana tie-in!!!! LOL they aren't even trying now! God this is hilarious!!!!
Nate and Wade making fools out of their "investors" again.
Energy shot scams are tried and true on the OTC. Not for bagholders obviously but for the scam perpetrators.
It looks like they also "accidentally" misdated 17.5 million more shares to Royal Capital as 2016 instead of 2017, unless they meant to list them out of order for some reason. I'm on my phone and don't feel like comparing right now.
$5000 in cash and $4 million in uncollectable AR. The $21 million is still listed as a Note Receivable. $2 million loss for the year. What a joke.
But who is the CEO? Jeff Foley signed that as ChairmN of the Board of Directors.
Walther vanished over a year ago! LOLOL!!!!!
LOL on a whopping $100 volume? Obviously nobody is being fooled.
Have you heard from Walther lately? Nobody else has.
How embarrassing.
Royal Capital liquidated those shares loooong ago.
There's a chance Foley believes he can make this all go away if he "takes the company private" by working out side deals with the largest and most vocal bagholders. Of course that's illegal as all hell and would implicate anyone who goes along with it but nobody ever accused him of being smart.
At .02 per share it would cost him $3.6 million if all shareholders were treated equally as the law says. I don't see him doing that though. After all, he stole that money fair and square.
It's pretty obvious he wants to walk away now.
Nobody has any idea what you're talking about.
Wow, don't think I've ever seen that before. They're doing a pitchfork count.
Just desperate bagholders trying to find someone, anyone, to unload their worthless shares on. Walther has vanished.
PTOI has been held sub 50c since the *deliberate* leakage *here* of May 1, 2013 ..
(even tho' scrubbed .. original is preserved for posterity)
I just went and looked at the deleted posts from May 1, 2013 and there's nothing there. What on Earth are you talking about?
Outstanding Shares 2,107,852,319 a/o Nov 16, 2017
It would be a lot cheaper to acquire a clean shell than it would be to resurrect this one from the grave.
Call Eugene 561-249-0900
That number is for a t-shirt shop in West Palm Beach. HILARIOUS!!!!
https://www.nativeoutfitters.com/pages/about-us
John Bordynuik will be making his triumphant return in a few months though! Can't you feel the excitement?
The streaming license from Paramount ended Dec 2016. Read Gulas' deposition.
What court will David Foley be sued in next is the question.
Simple math (and basic common sense) says there are no buyers at that price. The silly pump isn't working.
Huey was the only sane one in the family. One of my heroes. History does not do him justice.
"Decentralized" is a bit of a canard. It's decentralized in the sense that anyone can download the entire blockchain for Bitcoin and the networks that rely on it can distribute that load across all the public with a copy, for example, but it's roughly 150gb now and will only grow (fast). That's one of the problems bitcoin has right now: the size of the blockchain is delaying transactions and that will only get worse.
So how big would the SEC blockchain be if every filing and stock issuance for every publicly-traded company gets included in its "blockchain"? What unaffiliated member of the public would download and store all of that and why? Imagine every Mastercard transaction going into a blockchain and preserved forever? Who pays for that dedicated storage and bandwidth? Mastercard processes 160 million transactions per hour right now. Due to the blockchain limitations bitcoin can only process about 20k transactions per hour. I don't see the credit card companies accepting that.
The only companies that are going to benefit financially from blockchain are hard drive manufacturers, maybe cloud storage and the ISP's who sell bandwidth (except those ISP's will have to upgrade capacity everywhere up front before everything moves to blockchain).
What profits? ~$800 in total trades? No, this is just a feeble attempt by a stuckholder or two to try suckering in some new mark to hold their bags.
Like I said, exactly no one was fooled.
But none of that will generate any extra revenues. In fact, switching anything over to it will cost a good bit up front before any benefit is realized.
Companies are just using the "blockchain" buzzword to hint at a bitcoin connection when there is none.
They seem to just be jumping on the fad word of the week. Just mentioning the word "blockchain" causes a run, justified or not.
The problem with "blockchain technology" is that the inventor has already given it away to the public for free. There really is no way to monetize it.
Nobody is fooled, there are plenty of shares for sale and the stuckholders hoping to sell them need to do so before the end of the year to claim their losses on this year's taxes.
Wait until tax-loss selling begins in earnest a month from now. Oh boy.
It's going so well that not a single share was traded today.