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I don't know why Frank went through all the trouble to get control of NIHK, make big plans and promises and then just drop it. He holds many shares and one would think his vested interest in the company would drive him to do something with it. All I can figure is that he ran a pump and dump scheme and somehow unloaded shares of NIHK when it popped to eighteen cents or so, making enough money to then bail on the company. I'm still holding shares as there is no money to be had selling them. Perhaps Frank will have a "come to Jesus" moment and do the right thing with NIHK: Get to work and build a company that does something, anything, to make money. I seriously doubt that will happen as Frank runs several other scam companies that are virtually worthless. He's a good talker though so I'm surprised he hasn't said anything for a couple of years now. If he had a reasonable business plan instead of Pie in the Sky dreams NIHK could at least get back over a penny. Hope springs eternal! I've reached out to Frank on Linkedin on several occasions but of course have never gotten a reply.
Frank has bought more shares. The implication is that he has not given up on NIHK. Time will tell.....
RS defeated.
NIHK has no real estate holdings, no Electric cars or anything else. It has Zero paid employees, just Frank and a couple of "volunteers" who are supposed to be the "best of the best". There is a lot of repetition in the 10K and I did not wade through all of it. Most of what I read is hope and dreams, still about cars, technology, remote controls, etc. I am holding in case Frank can put something together as he holds 60% of the outstanding shares, but I'm not holding my breath. I think on the whole he is just a con man who promises lots and then, as we have seen, just disappears. I don't understand why he put so much of his own money into NIHK if he did not intend to do something with it. Perhaps Covid and the general business climate knocked him off his game, but at the very least he should have kept his shareholders informed. I have held NIHK since it was Video River Networks under Doug Saathof. It was going well until they lost a patent on some remote electric meter reading device and then went to zero pretty fast. I consider my "investment" a total loss until proven otherwise. Best of luck to all.
Calm down. It's a message board not investment advice. Obviously I thought the number was valid. I posted otherwise as soon as I found out. Good grief. Who appointed you master of all?
Nevermind. The number goes to a fax machine.
Well it was offered as a joke, really. Obviously Frank has no interest in NIHK at the moment and is not taking care of his shareholders as promised. I agree that he is almost impossible to understand. It's pretty rude of you to say, "wake up!" as if you are the arbiter of correctness or awareness.
Give Frank our favorite CEO a call: (424) 456-7487. Maybe he'll have some answers......
Frank Igwealor is no Santa Claus. He needs to be investigated for fraud. Bah Humbug. His behavior towards NIHK and its shareholders is beyond dissapointment. I know the risk of NIHK of going to zero is great but I did expect more announcements and efforts from Frank given how many shares he's bought and how much hype he put out a year ago. I was hoping for a Christmas suprise announcement but as you know it did not happen.
This from Benzinga: Frank Igwealor owns about 50,933,829 units of Video River Networks, Inc common stock. Recently at Video River Networks, Inc, Frank Igwealor has sold an estimated value of $0 worth.
Every penny up or down represents $509,338.29 gain or loss for Frank. One would think he has something cooking for NIHK. His silence is deafening. Perhaps we will have a Christmas surprise.
$2.67 for CIG by the end of the year is what my psychic advisor tells me. Dividend paid today.
Somethings amiss for sure. One doesn't say that cars have arrived from Lingstar and are being evaluated and then go silent for months on end. IMHO Frank is way overextended but will make money on something he can put together. It just might not be NIHK. If nothing else perhaps he will sell the ticker symbol to some other entrpreneur who will do something with it. Still waiting for my DRNG shares as promised although they too are worth almost nothing.
This was from a year ago, so why did Frank go quiet? Where are the cars? Where are the charging stations? Where is the news? Did he vanish? FRANK! are you out there somewhere?
TORRANCE, Calif., July 2, 2021 /PRNewswire/ -- Video River Networks recently announced that a deal has been made with one of the Institutional Investors ("II") to buy 200,000 SPAC shares at $10 per share for a total of $2 million. In more good news, another ("II") Institutional Investor wants to also buy 200,000 of the SPAC shares at $10 per share for a total of $2 million. More updates are expected to be released soon per Video River Networks official Twitter account.
Moreover, Video River Networks also announced that they have ordered 8 new vehicle designs from their partners at Lingstar for field testing, and will begin meticulously testing the vehicles as soon as they arrive in Video River networks' headquarters in Torrance, California.
This will be the beginning of what looks to be a fruitful partnership between Video River Networks and our new partners from China, Lingstar. Video River Networks paid a sum total of $97,551 for the 8 designs and is looking forward to beginning operations of field testing and productions immediately. "We're very excited to work with Lingstar! Video River Networks has always been on the cutting edge of technology and design, and our new partners are no exception," said Video River Networks CEO, Frank Igwealor.
The problem with DRNG is that there is no CEO, no employees, no product, no news, no business, no revenues. So far it is just a wing and a prayer. It is possible something will happen with he ticker but it's looking extremely unlikely. I'm guessing someone made some money on the last pump and has now dropped out completely.
I'll take the dollars and retire to Tahiti. It's nice to have fantasies.
Obviously none of us know what is going to happen wiith NIHK and we are all happy to think about a dollar a share or more. That said just remember that Frank is self interested in pushing the share price higher. I'm sure he want's to be a multi millionaire from this ticker if he can push it over the rainbow. My only question is whether he will do it by growing a legitimate business or by pumping out fluff and dreams to the unsuspecting. Time will tell. I'm holding on for the next ride up then will decide .
I don''t know how one man can do all of this successfully but here is a summation of Frank's operations that is in The Wall Street Journal Marketplace:
Mr. Frank I. Igwealor is a Chairman, President, CEO & Director at Drone Guarder, Inc., a President, CEO, CFO, Secretary & Treasurer at IL2M International Corp., a President, CEO, CFO, Secretary & Treasurer at NW Tech Capital, Inc., a President, CEO, Secretary, Treasurer & Director at Sunvault Energy, Inc., a President, CEO, CFO, Secretary & Treasurer at Icon Media Holdings, Inc., a President, CEO, Secretary, Treasurer & Director at Oncologix Tech, Inc., a Chairman, President CEO, CFO & Secretary at GiveMePower Corp., a Chairman, President, CEO, CFO & Secretary at Video River Networks, Inc., a Chairman, President, CEO, CFO & Secretary at Kid Castle Educational Corp., a President, CEO, Secretary, Treasurer & Director at American Renaissance Capital, Inc., a Director & Partner at Goldstein Franklin, Inc., a Chairman at Nano Mobile Healthcare, Inc., a Chief Executive Officer at Fresh & Healthy Markets LLC, a President & Chief Executive Officer at Alpharidge Capital LLC, a President & Chief Executive Officer at Community Economic Development Capital LLC and a President, CEO, CFO, Secretary & Treasurer at Church & Crawford, Inc. Mr. Igwealor was previously employed as a Chief Financial Officer by Pacific Ventures Group, Inc., a CFO, Secretary, Treasurer, Director & VP by Cannabinoid Biosciences, Inc., a Chief Financial Officer & Senior Vice President by Los Angeles Neighborhood Housing Services, Inc., an Assistant Controller by SDI Media Group, Inc., a President & Chief Executive Officer by Igwealth Franklin, Inc., and a Chairman & Chief Executive Officer by Nano Mobile Healthcare, Inc. He also served on the board at Los Angeles Community Capital. He received his undergraduate degree from Union Institute & University, a graduate degree from New York University, a graduate degree from Southwestern Law School and an MBA from The California State University.
Excellent news. If Frank is buying again it means he's not dropped out. A little PR now will push this higher even in a panicky market.
Do you seriously think they can buy an electric car company that is fully functioning for 10 million? 12 million? 2 million? I really hope this company makes it, but it is very suspect when Frank Igwealor talks incessantly about "shareholder value" (ie trying to influence the stock price) and then goes completely silent for almost five months. It does not fit his behavior for most of 2021. It does not speak well of Frank when shareholder questions remain unanswered. There really is no company other than Frank so that's a reality we have to deal with. I think there are a couple of volunteers helping out. I think Frank is lying low because DRNG and possibly other of his shells are in trouble and he is in "protective mode". Time will tell.
@ The master of....
I'd love to be wrong on NIHK. Doesn't their promise to roll out charge stations sounds a lot like their promise to deliver DRNG stock to NIHK holders? Not that it would make much of a difference as DRNG is near zero and has no CEO or business. What happened to the Lingstar vehicles they were promising? Where is the showroom? How can you buy one? There has been lots of smoke and mirrors but nothing real yet. When Frank was buying so was I and I have great hopes that this will get to a buck someday. The reality so far is that this has been pumped and given the stock price today, I'd say it has been dumped. Like I said, I hope I'm wrong.
NIHK is all hope, dreams, and maybes. With no news or response from management it looks more and more like there is no management. This will be zero again along with DRNG.
Here's my 2 cents worth: Frank is basically a pump and dump guy. He used NIHK to promote DRNG, which is now near zero. Perhaps he made enough on that pump to justify what he spent on purchasing NIHK shares. He has other tickers he promotes. He's like the magic man where you are not sure which cards he's holding and what he has up his sleeve, or even what his businesses will end up doing. Because I owned NIHK when it was truly Video River Networks and its stock went to almost zero I was happy when it went into consevatorship. When it surged to twenty cents I thought Frank was the real deal and I did not sell although I was way ahead at that point. It seemed reasonable that NIHK would reach a buck within a year or so. Except for a few flutters it's been pretty much downhill ever since and Frank has been silent since November. The DRNG shares as dividend never happened and there has been no explanation why not. The Caveat Emptor was removed but it should be put back on. I hope I am wrong and that Frank is just working so hard to make NIHK a going concern that he hasn't thought to update with news releases. That would be atypical behavior for him so I fear the worst. We'll see how it plays out. There is no point in selling now as far as I'm concerned. I don't know if we've reached a bottom, but zero is only .034 away.
This most likely will not move significantly higher until or unless Igwealor comes up with an actual business plan that he sticks to and follows through on. He jumps in and out of so many "deals" it is is hard to keep up. He has been noticeably quiet this year as compared to last. I wonder if he is sick or just sick and tired of juggling too many promos.
The report discloses they have real estate and own some securities as far as I can tell. They have no EV's or manufacturers or enough money to seriously enter into their proposed ventures. Most of the report is "hope to" and "if all goes well". They have no w-2 employees, just a couple of volunteers and Frank Igwealor. They state that if anyone leaves it could hurt the company. I have shares from when this was the original Video River Networks and will continue to hold as I see no reason to sell. If it gets back to .20 I'll reconsider.
Whitepaper 1.0
Tytan Cybernetics is an EV and FinTech Company ($NIHK)
which is developing an international EVH/Hybrid Mileage
Reward Program. With an increased number of EV’s and EV
charging stations in circulation, Tytan Cybernetics intends to
leverage and promote this trend by offering rewards to EV
drivers.
WWW.TEVCOIN.COM
The website is active
This is the email message I got from Frank on March 10 after I emailed him some questions:
Thank you for contacting the Office of CEO Frank Igwealor!
We appreciate your feedback. Due to the high volume of emails, unfortunately we can't respond individually, but we love to hear your questions and feedback and will incorporate as many as possible in the next Shareholder call.
Currently Frank is working passionately on:
* Building a solid foundation for growth over the next 1-2 years for each of his companies.
* Finalizing the necessary paperwork for mergers for the custodians.
* Preparing the necessary designs and marketing campaigns for product development.
If you would like active updates before the next Shareholder call, please review Frank's official Twitter accounts for more information:
Video River Networks/Tytan Cybernetics @NIHKEV
GiveMePower @GiveMePower5
Alpharidge Capital LLC @Alpharidge_Cap
Opportunity Zones Capital, LLC @opportunityzon
Thank you for your inquiry, we grow and thrive together as a community. Creating innovative companies is a time consuming process and I appreciate your patience as we move many ventures forward. Feel free send any thoughts or questions to be addressed in upcoming Shareholder calls, and I look forward to seeing you then.
Yours sincerely,
CEO Frank
@bradenhead
Well of course you are right, unless, of course something happens with the company which will prove you wrong. Right now it is in the idea stage and may be nothing more than a pump and dump. On the other hand, one can buy a boat load of shares for very little money and wait and see what happens. Perhaps it will "fly", so to speak. In the course of my life I've wasted more money on beer and cigarettes than I've put into this company. I'll never get anything back on the beer and cigarette money except poor health and I may never get anything back on this company. I stll feel it is a better bet than a lottery ticket and will "soar" (there I go again) on any news. I like the company's theoretical product and am sorry Kennar quit for he seemed like the real deal. That he left after such a short time is the biggest red flag I've seen. Still,DRNG is a valid ticker and I assume someone will try to make something of it eventually.
Since the CEO left I assume the company is at a standstill with no one in charge and no product to sell and no news of any kind. I do not believe Frank Igwealor is involved with DRNG any more and he failed to deliver promised dividends to DRNG and NIHK shareholders. It may be that this company is dead in the water. I like the idea of their stated product of a home security drone so I do hold some shares. That said it looks like it will take a miracle to get this company moving.
NIHK official postings are on twit ter. use the at symbol with NIHKEV. There is nothing recent but you can see all past items.
I wrote to Frank Igwealor and got the following response:
CEO Frank Igwealor
Thu, Mar 10, 12:26 PM (21 hours ago)
to me
Thank you for contacting the Office of CEO Frank Igwealor!
We appreciate your feedback. Due to the high volume of emails, unfortunately we can't respond individually, but we love to hear your questions and feedback and will incorporate as many as possible in the next Shareholder call.
Currently Frank is working passionately on:
* Building a solid foundation for growth over the next 1-2 years for each of his companies.
* Finalizing the necessary paperwork for mergers for the custodians.
* Preparing the necessary designs and marketing campaigns for product development.
If you would like active updates before the next Shareholder call, please review Frank's official Twitter accounts for more information:
Video River Networks/Tytan Cybernetics @NIHKEV
GiveMePower @GiveMePower5
Alpharidge Capital LLC @Alpharidge_Cap
Opportunity Zones Capital, LLC @opportunityzon
Thank you for your inquiry, we grow and thrive together as a community. Creating innovative companies is a time consuming process and I appreciate your patience as we move many ventures forward. Feel free send any thoughts or questions to be addressed in upcoming Shareholder calls, and I look forward to seeing you then.
Yours sincerely,
CEO Frank