Tuesday, October 11, 2016 11:43:17 AM
"driving the company towards profitability in Q4 2016?"
How exactly? NTEK has more than $2 million in hard currency owed in mandated court enforced judgements. Judgements based on lawsuits they faced for fraud and shirking their debts in the first place. Not to mention what appears to be something like 60 million new shares that need to be issued to Long Side ventures per the independent appraiser BOTH parties agreed to.
NTEK has been running blood red each and every month even with massive dilution and toxic funding, but now they're going to suddenly become profitable without both of those things to prop up the financials? Umm...ok Jeffey. Sure.
"content expansion in the coming weeks?"
Been hearing that since last year, when NTEK had "concluded agreements with major studios ready to pull the trigger." And UF has added exactly ZERO since that time. NTEK loses the only library they have left in just over two months. Unless they signed something back in August (which they didn't), there isn't even enough time to format and upload any new content in time for the holiday season. Heck, they haven't even uploaded an old 2K Paramount flick in more than six months.
Interesting omissions as well: where is the new CEO, CFO and EVP of Marketing? Where are the NTGL audits? What about the NTEK audits? What about the NTGL share distribution? Why isn't UF on LG TVs, most Samsungs and most Sony TVs? Why isn't UF available for the 4K (5K) Apple desktops any longer?
Nothing but generalities and false promises devoid of hard deadlines or detail. Notice how those SHLs are getting more and more vague each and every time they are released?
My guess is most stuckies are still checking their mailboxes for that proxy letter Jeff promised so long ago...
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