NanoTech Entertainment Inc (NTEK)

[shajandr]

Ovio4K already debunked all that nonsense rumourolgy started by DAVID RUSSELL FOLEY, Federal inmate #13141-111, just before he went into DaHole™ for Federal felony convictions (sound familiar?).

Ovio4K explains the dire NTEK financial situation quite well.

When you "bake" into the fine print of your business plan that a significant chunk of your go-forward operating cash will be coming from private equity, yet that capital never materializes, there is a red flag.

When you imply that the hundreds of millions of new shares were issued for new content deals, yet no new deals are signed due to flagrant delinquencies for current deals, there is a red flag.

When you realize that UF has been blacklisted from any legit studio now due to what they over-promised and under-delivered to Paramount and others, there is a red flag.

When you are presented a business plan for global growth, but when pressed find out that NTEK has no rights to any content outside of North America (nor funds to obtain those rights), there is a red flag.

When pressed on the low transactional numbers making there way around town for such touted titles as Interstellar and G.I. Joe, the IMAX titles, etc., and you discover total signups (not active users, signups) are shy of 20,000 (by NTEK's own estimation) - despite they total B.S. "future plans" to have LG, Panasonic, Sony and all the rest on-board, and a forecast of 80 times growth in the next six months - there is a red flag. Or multiple flags, in this case. And when Paramount confirms they pressed for reporting and were told "less than $1,000 in rentals," those flags get more red.

When you do some simple math and realize that even if there is 80 times growth (total BS) in users in the next six months, with no new content (and content now coming off the service/being forced to with cease and desist letters), there is no way to generate significant numbers from the "bartered" crap that is left - even at 200 times growth - there is a red flag.

When you try and apply simple logic to the reported (but unaudited) past financials and realize they just don't square with what they're now touting - there is a red flag.

When pressed to show legit plans for hard currency against marketing to achieve "80 times growth" and no plan materializes, there is a red flag.

When you find out that when potential partners have asked for audit language in contracts, those contracts suddenly fall apart - there is a red flag.

When your front man suddenly goes bye bye from discussions, and you realize that both he and the other employees never divulged that their front man was going to away for two years, there is a red flag.

I could keep going, but since this will just get deleted, it's sort of pointless.

There going to keep pushing off creditors and everyone else my guess is through August, shutting down completely before any SHM takes place.

They'll keep it up until the feds come and physically shut it down. Gotta keep up the ruse and dump a little longer. And it's not only the Paramount flicks coming to an end. They have not paid their bills for a large number of titles for all of 2015, and the legal letters are flying. I'm talking about shirking multiple content owners - avoiding even the smallest invoices. Worst kept secret in town. No legit content holder would touch them now with a ten foot pole.

If you didn't pay the first monthly 20K fee you promised to a content provider since last December, and still owe that one and the six more monthly bills since then, what's that tell you? Multiply that example by several more, and it's a whole they can't dig out of.

So these companies see hundreds of millions of new shares traded and keep asking where their money is, and NTEK keeps stringing them along.

It's all just about coming to an end, which is why everyone tossed their "partner with us" teaser in the trash. It was a good ruse (with Apple) for a couple of days, but those massive unpaid bills prove it's all just a smoke-show."

UF not on 8 of the top 10 TV manufacturers in the US market:

UF app is NOT on Sony TVs.
UF app is NOT on Hisense TVs.
UF app is NOT on LG TVs.
UF app is NOT on Panasonic TVs.
UF app is NOT on Sharp TVs.
UF app is NOT on Toshiba TVs.
UF app is NOT on Mitsubishi TVs.
UF app is NOT on RCA TVs.

NTEK non-CAPEX average monthly burn (content licensing) = $270,500 (payments which they are currently avoiding, so expect content to either never appear or drop mysteriously)

Total UF signups to date = 17,895
Total UF signups (incl. credit card info) to date = 2,151
Total UF revenues for Interstellar to date = $890
Total paid license fee for Insterstellar = $700,000/3 months (ending June 2015)

Approx. total transactional revenues from UF (Jan 1 - June 15) = $5,750

So please, let me how these numbers work, tell me what the plan is to get the app on the remaining 80% of TVs in the US market, and tell me how NTEK affords to make another deal like Paramount. Let alone stay afloat without significant share increases/reversals.</I>

DAVID RUSSELL FOLEY
Register Number: 13141-111
Age: 49
Race: White
Sex: Male
Located at: Taft CI
Release Date: 03/14/2017

As I told y'all, neither TAFT nor any other privately-operated facility in the BOP prison system offers RDAP. Go to Taft - can't get into RDAP to shave time off yer sentence.

http://www.bop.gov/inmates/custody_and_care/docs/RDAP_locations.pdf

"He's ... We tried everything we could and there wasn't nothin' we could do. What do you mean? He's gone, that's it, he's gone (cough) he's gone"