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It is a valid company in India and Indian companies are regulated more severely than local companies here.
I work for an IT services company and has provided software services to this company and thus know it is a real and genuine compnay.
However like others on this board I am also clueless why this stock is not trading at all and also with such financials why this company is not upgrading to OTCQB or even NYSE
any one in touch with TA for the latest share structure
dilution at this rate.. seems R/S is also on the way
Any news about the GSL launch
the video last time said that 16 May. Whats happening on that front
the reverse split is for the convertibles... and appease those cunning investors
this is again to screw the bag holders here more
there is no buyer @ .0001 so if they issued shares for those convertibles they would have been like paper for these investors..
now to help these investors they are doing a reverse split. please check the financials they have huge convetibles pending . with reduced A/s they would not be able to even honor them.
After reverse split .. please be sure the A/s would be raised back to billions or unlimited again
we have more bagholders expected soon
wow.. what a big move today
someone put in $25 in this POS...
Just some questions we should ask
a) assuming this is the sole pioneer of 4K broadcast and that too at bandwidth of less than 4MBps..
For a company to claim this they should have a patent on this technology ..
Do we see any patent with this company or is it reported somewhere I am missing
b) Patent itself has value and is a big attraction for investors and venture capitalists... Do we see such facts in financial statements or submission
c) There should be some techie in the organization ( is it foley brothers or is it the current lot of employees in ntek are teach freaks ... their social profiles dont speak so) .. is it something we are missing
d) in case c is not true .. maybe they have taken over some company that has this 4k technology and streaming optimization at low bandwidth.. any such fact published in history of nanotech...
the above are missing but i guess no one is missing that this is turning out to be a sham, scam
hey justafy..
can you share the structure you got from TA
Can someone guide me on this question
as per the VDO powell said that all conversions has been done
now the creditors would be selling to make profits... and it would be in their interest of higher profit that ticker moves up. Post conversions ticker tends to moves up or manipulated to move up so that creditors can make higher profits
But what we saw yesterday in was the dump of 70 odd millions and the ticker is constant ..
am I reading it wrong ... or is there something we are missing
There are conversions that are yet to happen.. there is a convertible note maturing just within two weeks
he Pred buyback so that the PPS will go up and he in collusion with MMs dump thier lots to the bagholders .. this is the most common trick these MMs play with retail investors like us
this is on way to .0001..
guys a convertible is going to mature in coming two weeks..
beware
This is a sham and scam pps..
the buy back was a carrot to pump the stock so that his collusion with MMs result into profit for him.. higher it goes more the MMs who are holding billions can dump into the pockets of gullible shareholders
with buyback at .01 there is no way this stock should have gone down and thats what reflect the true reality of this stock..
you will see a deluge of sellers even on a single tick above...
i know that pete and wilson..
I am saying they will not raise the A/s this time but they will do worse than raising A/s
they will do the Reverse split
any one knows the current share structure..can someone ping TA to get these details...
Hi Tlsmd,
the toxic converters are always in profit.. they do not convert entire due amount in full. they convert part (they already get a 40-100%) discount on the low pps in last 10-20 days . even if they sell these shares even at the converted price they are break even however this results in pps to fall for them to get more shares
Lets assume REDG has a convertible of $10,000
they convert for $3000
e.g lets say the pps today is .0005
they get say 10 million at 40% discount so .0003
they sell these 10 million at .0003
Now they convert $7000
they will get nearly 40 million shares @ .00018 else they would have got only 23 million
This is how this conversion toxic works and screws up the pps for retail ivnvestors.. there need not be any negative news for them
share holder letter says they will not raise the A/s. I believe them .. you know why because they will now go for a R/s
how would one justify the credit liability of more than 5 mn. how do they plan to remove this liability if not by raising A/s they sure want to do R/s
GLTA
this will go further down as a convertible note is about to mature soon in next two weeks
IMO it may be nearing to .0001
GLTA
there is really something going in the backdoors of NTEK.. we retail investors are unaware of ..
in my nearly one year with NTEK i havent seen PPS going with volume
it has always been other way round.. pps used to ground on high volumes...
this high buying indicates the manipulation
I saw 3 times a bid for a million plus... any idea what is the reason of this heavy buying
can someone post L2 pic.. some retail investors can cover up thier losses
there revenues are though selling shares
last quarter was nearly 2.3 million and they diluted 250 million @ .01
= 2.5 million
this quarter also 400 million @ .008 may be around 3 million
so their revenues will grow from 2.3 million to 3 million around 30% increase they will say
.03 will not be seen even after reverse split or reverse split has to be 1 to 10000 to see .03
GLTA
was this shareholder letter published... neither there was news nor there was a mail or message ..nor it is in the filings ..
Did i miss something
hello friends
today will be a big dumping day ... save your monies ..
I was just kicked off the NTEK facebook group for posing some hard facts......
I hope preventing from posting will help those guys by running away from facts ..
these are some facts which was not easy to digest by the group admins
.006 price for this POS is high today given the figures.. let me say why I think so
PPS is profit per share for retail shareholder ( profit or say part of profit that is as dividend) .. last two quarters saw revenues of 2 million each and profit of around 800K each
if you divide just the profit by A/s of 1.3 billion the pps is .0006
however I take the revenue and divide by A/s then pps is .006
yes industry pps are 5 -10x revenues
NTEK has some time to really build that credibility for 5-10x revenues..
to make it even 1x revenues i believe audited financials are required immediately to build the first foundation of credibility.
otherwise till then its pps will likely to flow between .006 and ,0006
( this is just my opinion) however there are players that can play it and manipulate it other side of this range too ( I am sure I am not that one)
I consider the management as very capable but like other shareholders there is much that cannot be shared by the management with us ..
i still fail to understand the real reason for share structure increase when
last shareholder letter in march said that there will be no share structure change or share increase however within two months 250 million were added and followed by another 400 million.
so this management though capable is really constrained or forced by circumstances to act otherwise for benefit of retail shareholders and till then this pps will continue to erode shareholder value
See the progression of the PPS and the share structure
a) A/s was 550 mn pps : .05 to .06
b) A/s was 700 mn pps : .03 to .04
c) A/s raised to 900 ms pps : .01 to .02
for every 100 mn it goes down by .01
now it has increased from 900 mn to 1,300 mn this fall will not be to .006 but it will steeper as it will trigger panic selling now ..
guys tripple zeros will be order of the day and that will be before SHM
the actual value of this stock is now 0.006.. and let me say how
as per the last 10K .. the revenue for the last quarter was 2 mn .. which translates to 8 mn for the year
divide the revenue by the total share count of 1.3 billion .. gives you .006...
This will go to triple zeros now coz there will be more shares issues / printed or a r/s coming soon
the pps downfall can now be saved only if there are audited financials and good revenues ( which is unlikely in the scam tech)
wow .. there is some trading going on this dead POS... is Rico again on some tricks that we are not aware of
any guesses guys what is happening
Does any one know the latest SS ..
has anyone contacted TA to get the latest share structure...
just curious how many shares have been printed till date
scam scam scam...
as per the financials they are in profits for the last 2 quarters... so why do they need to increase the A/s if they are profitable..
any bank will be happy to extend a credit for the business..
they had a revenue of 2 million and plus.. they can very well get credit of 2 - 10 x revenues from a bank
now they increased A/s by 400 mn .. at .01 they can get is 4 - 6 mn
this does not make any business sense ..
also had i been the founder going to prison, I would have increased the value of this asset ( company)
coz when I leave the devaluation will start on its own ( however the competent person is in charge)
now for a devalues asset it will go to junk
also after I return from sentence I would have had an asset worth reviving and growing .. but now it will go to junk or down the drain..
This is old news .. and if some one noted the reduction was in last year...
in this year they have reduced 7 billion and that too restricted and preferred shares..
common stock structure is still high
also rather than retiring the convertibles, the strategy used is issue the shares .. let the pps go down the drain and then buy it off to reduce the shares
wake up buddies this is just to loot your money
SCAM SCAM SCAM
if the buy back is at fixed price of .01 then it means Frank needs to have $ 20 mn to buy 2 bn ..
does the company has this much of money .. .even the credit extended will not be enough for this buy back..
this is just a ploy to create bagholders
has someone been in touch with TA for the current share structure
NTEK paid for promotion ..,fellow retail investors beware of the pumpo and dump and smart investors may have a chance to earn
.. these are the promoters today
1-2-3StockAlerts.com
FortuneStockAlerts.com
PennyStockCircle.com
StockMarketQuote.us
StockMister.com
PennyStockGuru.net
MonsterTradingAlerts.com
PennyStockVIP.com
StockReportCircuit.com
StockReportDaily.com
WallStreetScoop.net
ExplosiveOTC.com
EliteOTC.com
BestTopPennyStocks.com
FatCatpennyStocks.com
OTCEquity.com
QualityOTC.com
mails are flowing from these promoters for NTEK
it seems to be a weekend slowdown .. a breather for retail investors .. beware .. monday on dumping starts again
buddies sub penny coming next week
lets be practical and dont think the pps will fly off the roofs just becoz this news is out..
first this news is to help dump 400,m shares to pay for bed for davey in prison
second this news is by NTEk only.. apple gives a damn to ntek ... there are many aaps that are released on app store for imac or apple platforms on daily basis.. for users it is just another app ...
how many of imac users will search for 4k content and then app for that 4k content.. IMO it will be near to none.. just like the pps is now
This news at this time is to help dump the 400 mn new printed dumpashares...
very true,
at all these mega stores, 4K tvs are getting wasted showing old and low resolution content. Ih ave walked in the stores and just get to see some routine TV cable programs...
The sales guy is unable to differentiate between currently regular tv content from 4K content. They are not even aware of where to go for 4K content
some how these stores need to be made aware that 4K TVs should be displaying 4K content, to sell more of these TVs and for keep running 4K content they should hook on to Ultraflix even if it means showing the free 4K stuff on uflix.
4K content is growing rapidly and the highest pace on UFlix as of now... so it will be more likely that these stores will then have to hookup to Ultraflix to show 4K content if they become aware that 4K content is available and it needs to be shown on these 4K tvs to attract customers.
then only it will be win win for this NTEK relationship with TV brands
just wondering , if every Best buy, Walmart, Target store buy Ultraflix subscription for displaying 4K content in the stores on current 4K tvs , that itself will generate a decent revenue
Someone in NTEK business development team hope is listening to this
They have given a convertible note to RCG .. but the A/S is already near the max.. so just curious whether we will see a A/S increase or a reverse split..
This DFoley guy scamster will sure try to have a R/S