Thursday, January 02, 2014 9:58:07 PM
UN-Audited pinky OTC Markets.com financials are NOT FACT...simple as that...
No way around it, it is what it is...
Forward looking statements in a penny stock is a no-no anyways...check out Section 27A -- Application of Safe Harbor for Forward-Looking Statements:
Exclusions
Except to the extent otherwise specifically provided by rule, regulation, or order of the Commission, this section shall not apply to a forward-looking statement--
that is made with respect to the business or operations of the issuer, if the issuer--
during the 3-year period preceding the date on which the statement was first made--
was convicted of any felony or misdemeanor described in clauses (i) through (iv) of section 15 (b)(4)(B) of the Securities Exchange Act of 1934; or
has been made the subject of a judicial or administrative decree or order arising out of a governmental action that--
prohibits future violations of the antifraud provisions of the securities laws;
requires that the issuer cease and desist from violating the antifraud provisions of the securities laws; or
determines that the issuer violated the antifraud provisions of the securities laws;
makes the forward-looking statement in connection with an offering of securities by a blank check company;
issues penny stock;
makes the forward-looking statement in connection with a rollup transaction; or
makes the forward-looking statement in connection with a going private transaction; or
http://www.law.uc.edu/sites/default/files/CCL/33Act/sec27A.html
Even at NTEK's own (ahem) projections fair market value of the stock is only priced at .007334 per share...
No way around it, it is what it is...
Forward looking statements in a penny stock is a no-no anyways...check out Section 27A -- Application of Safe Harbor for Forward-Looking Statements:
Exclusions
Except to the extent otherwise specifically provided by rule, regulation, or order of the Commission, this section shall not apply to a forward-looking statement--
that is made with respect to the business or operations of the issuer, if the issuer--
during the 3-year period preceding the date on which the statement was first made--
was convicted of any felony or misdemeanor described in clauses (i) through (iv) of section 15 (b)(4)(B) of the Securities Exchange Act of 1934; or
has been made the subject of a judicial or administrative decree or order arising out of a governmental action that--
prohibits future violations of the antifraud provisions of the securities laws;
requires that the issuer cease and desist from violating the antifraud provisions of the securities laws; or
determines that the issuer violated the antifraud provisions of the securities laws;
makes the forward-looking statement in connection with an offering of securities by a blank check company;
issues penny stock;
makes the forward-looking statement in connection with a rollup transaction; or
makes the forward-looking statement in connection with a going private transaction; or
http://www.law.uc.edu/sites/default/files/CCL/33Act/sec27A.html
Even at NTEK's own (ahem) projections fair market value of the stock is only priced at .007334 per share...
