THIS UPDATE IS A HUGE DEAL!!!
As much as I hate this guy and think he's 100% completely sold out... (looks like he's even buying facebook likes now to top it off).
Should even 25% of his new update is true, that is going to be HUGE... HUGE... HUGE.... HUGE... for any shareholder! We're talking major revenues.
BIG NTEK UPDATE:
Over the past few days we have enjoyed a very welcomed reversal related to NTEK's pps sparked by the recent reorganization PR which outlined many key organizational changes as well as the shareholder ownership model in the new NTEK'S Gaming Labs company. We are witnessing investors loading up prior to the February 6th date as that's the baseline for determining shares allocated in the new company based on % ownership of the parent NTEK company. I have included the chart as of close of business today. Next key resistance is .045 with the 100dma and 200dma to follow at .05 and .06 respectively.
The question is if this is a true reversal or not? Short answer is YES but not for the reasons you may all be thinking. The reorganization update was a HUGE update and provided MUCH needed transparency and guidance relative to key deliverables such as audits, how the new company will be structured, etc but our recent conversation with IR and other company management really solidifies in my mind this reversal. It's should be a SIGNIFICANT reversal IMO. Let me explain further.
We recently had a Q&A with company IR asking many questions. I will focus on one key question and answer for this update. I will share the remaining Q&A separately.
? Question: What is NTEK's plan for acquiring more A-List content?
» Answer: We have setup UMG to acquire major studio content and develop original content. We have recently opened a $10MM fund for content acquisition. The fund is a 3 year fund, with profits rolling back into new acquisition. The fund has a 1 year renewal so we can continue to acquire until such time as it no longer makes sense. We anticipate acquiring 5 exclusive major box office titles this year, and over 200 major studio titles. We plan on developing 12 live events and 10 episodes of an original series this year.
Read that answer closely as it's LOADED with HUGE developments that I'm sure we will be hearing a ton more about very soon. This came from the company IR group (Daniel Wong) so it's not in violation of sharing non public info. Feel free to confirm with IR yourselves.
Let's step back and talk about the "costs" of acquiring the rights to content. This has not been cheap folks. This has been the much NEEDED driving force behind the perceived dilution over the past 9 months. It was 100% the right thing to do as we would NOT be where we are today with UltraFlix without landing these content deals. It was simply the cost to enter this market and to get the UF channel as a leader in the media streaming industry enabling it to generate serious revenues thus making the company "self" funded in the near future. Securing this $10MM fund is beyond HUGE as it enables the company to secure large scale content deals vs. a piece meal approach.
I'll close with the later part of IRs response;
"We anticipate acquiring 5 exclusive major box office titles this year, and over 200 major studio titles. We plan on developing 12 live events and 10 episodes of an original series this year."
Exclusive deals folks! This could only mean yet to be released blockbuster type movies. I can't wait to hear what titles will be exclusive to UF!
It's clear the company means business and is going after this very aggressively.
The PPS WILL FOLLOW. I have no doubt.
