NanoTech Entertainment Inc (NTEK)

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This sums things up pretty nicely... Except "longs" will probably say that NTEK only needs a tiny little portion of the 4K market to be profitable -- except they're not factoring in the cost of getting and keeping that, even if they do somehow attain a substantial amount of members.

What frightens me is that Ultraflix collects personal data, such as your mailing address for no apparent reason(While Netflix collects the same information, their privacy policy clearly states why and what is done). Seeing as how Ultraflix's business model is based off of displaying "ads" to users who don't want to pay a subscription fee, I wonder how much money they plan to make when they also have to manage the bandwidth for users who want to stream 4K content without buffering every 2 seconds from server lag and also factor in the users who have Adblock installed. I looked a little further into Ultraflix's privacy policy and nowhere does it state why your information is shared, or what information is shared with a third-party(nor who that third-party is), only that their third-party partners will collect,use and disclose your information to the extent necessary to allow them to perform the services they provide to NTEK.

In short, the only way I can see Ultraflix becoming remotely profitable is if they begin(or continue..) selling peoples personal information to third-party companies, and that just doesn't seem like a business model that can keep you afloat for very long.

I could be wrong...But I guess we won't know unless NTEK is able to provide Audited Financials.