NanoTech Entertainment Inc (NTEK)

[DangFool]

The stated rationale for an additional, open-ended delay is lousy business. That's one of the reasons people are suggesting it's phony, notwithstanding that the bears have been saying for two weeks that some new delay would pop up at the last minute. Point to the bears, says me.

The reason it would represent a lousy business decision is that, with companies like Netflix making pilot 4K content delivery, they're grabbing up all the early ink on 4K streaming. NTEK isn't mentioned in any of those stories, just Netflix.

That's poison for a company that's supposedly beating all the major players to the next level in video stream delivery and quality. You want those players out there today if you can manage it. Get yourself some ink, generate yourself some buzz, make yourself known before Netflix sucks all the oxygen out of the room.

At that sort of juncture, where time is money and the clock is ticking, only a damned fool would send the thing back for a slightly shinier OS and motion control in the bloody remote.

So it's the very weakness of the rationale that make people question whether it's genuine. Yes, people accept delays, but not like this. Know what else they accept? Some rough edges when dealing with a cutting-edge new technology. Unless the thing has actual bugs in the video delivery, or crashes when you're trying to play a game, they don't need the extra polish, they really don't.

The only reason the price hasn't tanked on this news already is that no one really believed NTEK would ship the thing when they promised to do so. They knew the promise to ship was almost certainly a lie.

Tech delays are VERY common.