NTEK will never reach .02 again - two cents will not happen. Sure, it will get pumped up a few percentage points, only to then fall farther yet again, then a lower high, a lower low - lather, rinse, repeat.
NTEK will never sign a content deal for any current feature films again. Nothing for anything current that anyone's heard of, let alone would be willing to pay ten bucks for to rent for 48 hours. So pump the logos on a website or some video you saw at Sam's Club all you want - it is simply not going to help you if you own above two cents. They have two films (going away soon) anyone would actually pay money for, so despite how much legacy paid promotion they have with Vizio, there's nothing to watch once a consumer shows up. And those two films have made them a grand total of $1000.
You'd all be wise to note that they took their last shot (shopping the company - hell, even had me going for a while until we dug into the numbers) and now that it has all come to light, it's every man, woman and employee for themselves.
There is a ton coming off restriction in July - vendors, employees, etc. and all will be dumped.
Is UF legit? Depends on the definition. I think they had some people with a decent idea to try and ride the 4K wave. But bad deals, bad management and greed drove it quickly sideways. And none of their other phantom divisions show one red cent on the balance sheet, so don't go looking there for help - they put all their eggs in the UF basket, possibly with good intentions by some, but it's fallen completely apart the they are now default on payments across the board.
The company couldn't lend you 15K if you were a relative. They are out of cash and their shares are worthless to new potential partners. Insiders getting out, employees seeing the end, and any vendors just dumping and cutting losses on their stupidly priced restricted shares.
If it hits .02, that's all your gonna get. Mark it as fact. If it does, I'll never post here again. But it won't.
So man up, take the loss and move on. Or short it along with the rest of the unicorns.
