Wonder where they figure in expenses for returned products or products with problems or defective products or delays in products? Plenty of unknowns in the tech world!
If they sell shares into this forecasted hype I think trouble is on the way.
What a PRETTY color-coded list: HERE ARE THE FACTS!! (Direct from IR...see how HELPFUL they can be...ANY SHAREHOLDER can ASK @ IR@NANOTECHENT.COM & GET THE FACTS!!!
I spoke with IR and received the following answers:
>>(1) Look at the payroll. $290,556 for every month, constant. Zero growth company.
The payroll is based on current staff. The additional staff planned for this year will come in the form of mergers and acquisitions, of which there is a substantial amount budgeted. For the products that is the plan, no more staff additions are required.
>>(2) Folly failed and meant to put $250,000 in the 3rd month instead of $25,000 (under HR Fees - Bonuses). Fake numbers.
No, $250,000 is the quarterly bonuses planned if the company meets it targets.
>>(3) Shipping. $15,000 for the ENTIRE year, lOl...$33,885,315 (almost 34 million dollars)...shipped...for $15,000....total. For the year. >>Folly needs to revisit this...fabricated calculation. Fake numbers. Shipping imaginary products. To Brazil.
Company doesn’t pay for shipping of products. They are shipped directly from the manufacturing partner to the distributor, and that is factored in the cost of goods. The customers pay shipping when purchasing products, NTEK does not pay for that.
>>(4) Equipment. Constant $25,000 per month. That means for the whole year $300,000 they can purchase ONLY one "content >>scanner"...or lease just a couple/few. We purchased our scanners last year and have no plans to add new ones.
>>Their alleged ballgame is "content"...where's the equipmennt capital outlay to support any growth. That's right...there isn't any growth. >>Just...fake numbers. That don't add up.
Two scanners can output 2 times the forecasted scanning in the budget. No need to add more this year. We purchased two instead of one just to allow for growth.
>>(5) Audit is only done once a year (annual report)...not every quarter.
Not True. Auditors are required to review and approve every quarterly filing.
>> (6)Travel expenses way too high for months that there aren't any trade shows...folly needs to revisit these fake numbers...
Travel is not related to Trade Shows, it’s related to other corporate travel.
NTEKThe BOOTH IS TOWERING, ATTENTION-Grabbing, & yet OPEN & INVITING!! CES 2014 :-D Ingram Micro, Seiki, nVidia & NTEK!!
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