Replies to post #310713 on NanoTech Entertainment Inc (NTEK)

[Sleepy2016]

How much have the various Foley junkets to Vegas cost shareholders? He's probably there right now.

[DangFool]

But I think my point stands that if they really risked it all, and maybe even more than all, if any of the principles went into personal debt, then that was perhaps a terrible and misguided business maneuver, but hardly a scammy one.

In a properly run scam, you never pay for something you can get someone else to cover and leave them holding the bag.

I'm really surprised they haven't just declared bankruptcy on this thing. They should know they can't even really run the scam without Foley.

How much are these people kidding themselves?

[shajandr]

And this (the negligible views of UF) also kills other opportunities even IF NTEK had any munny (which they don't - see last Q "financials") to license significant content (other than Summer with Sammy and Dean on VHS). The first question that a serious content owner will have before entertaining a proposal to license their content will be "so, how many PAID views have you gotten on Interstellar and GI Joe" - and when that number is disclosed to be paltry (which it is), end of discussion - the content owner will escort them to the elevator.

It's not JUST that NTEK loses BIG munny on the licensing deals for Interstellar and GI Joe, it's that it is now a measuring stick for other content owners to see how poorly these movies perform with UF and generate nothing beyond the upfront royalty.