Thread Rating:

MrV
MrV
Joined: Feb 13, 2010
  • Threads: 262
  • Posts: 5293
November 5th, 2015 at 5:31:29 PM permalink
This thread is designed for discussions about Nanotek, Nanotek gaming, its stock, its products, and its personnel.

As a stock holder in both companies, my interest is more than casual.

OK, no fear of a rule 7 suspension guys, so have at it.
"What, me worry?"
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 402
  • Posts: 19834
November 5th, 2015 at 5:51:48 PM permalink
OK, what does this mean?

"FINRA short sales of NTGL
20151105|NTGL|33500|0|45150|O
74% of today's volume was short sales!"

What's FINRA? I'm thinking of buying
10K shares of NTGL because it goes up
and down so much, I might make some
money. Buy low sell high.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118286309
"It's not enough to succeed, your friends must fail." Gore Vidal
Dodsferd
Dodsferd
Joined: Jun 10, 2015
  • Threads: 1
  • Posts: 375
November 5th, 2015 at 6:04:55 PM permalink
Quote: EvenBob

OK, what does this mean?

"FINRA short sales of NTGL
20151105|NTGL|33500|0|45150|O
74% of today's volume was short sales!"

What's FINRA? I'm thinking of buying
10K shares of NTGL because it goes up
and down so much, I might make some
money. Buy low sell high.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118286309



Financial Industry Regulatory Authority

Apparently it's a private corporation that acts as the regulation entity for enforcement and arbitration of the New York Stock Exchange, and is the successor to the National Association of Securities Dealers

Wikipedia
This feeling is heavy, makes my body ache and I'm ready; To fall into the sky and I see now, the reason why. My heart is heavy, takes me to a place I can't breathe. Only then I know why I see the warning sign.
MrV
MrV
Joined: Feb 13, 2010
  • Threads: 262
  • Posts: 5293
November 5th, 2015 at 6:07:00 PM permalink
Oh ye of little faith!
"What, me worry?"
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 402
  • Posts: 19834
November 5th, 2015 at 6:45:34 PM permalink
Quote: MrV

Oh ye of little faith!



From my understanding of short selling,
you do it because you think the stock
will drop and then you buy it back at
a profit. So 75% of the stock sold today
was by short sellers who were convinced
the stock would drop. Right?
"It's not enough to succeed, your friends must fail." Gore Vidal
wellwellwell
wellwellwell
Joined: Jun 17, 2015
  • Threads: 0
  • Posts: 62
November 5th, 2015 at 7:08:44 PM permalink
Quote: EvenBob

From my understanding of short selling,
you do it because you think the stock
will drop and then you buy it back at
a profit. So 75% of the stock sold today
was by short sellers who were convinced
the stock would drop. Right?



That reasoning is what these pennyland stock insiders, managements, and promoters want you to believe about short sellers. They need a bogeyman to explain away why their stock price is falling when in most cases it is because they themselves are issuing shares into the float which drives down the price.

This report does not disclose the actual number of shares sold short. The report has to do with how normal trades during the day are accounted for among the different brokers(the simple explanation). But because the words "short volume" is included in the report people use the numbers to distort what is really happening to further their agenda.

Short selling a $.02 a share stock, while possible, is not economically feasible. Margin requirements, margin interest, and lost opportunity cost would eat up all the profit even if the price went to zero.

As of September 30, 2015 there were 138,305 shares of NTGL short (short interest) against approximately 181,000,000 shares outstanding.
TwoFeathersATL
TwoFeathersATL
Joined: May 22, 2013
  • Threads: 36
  • Posts: 3616
November 5th, 2015 at 7:19:22 PM permalink
Degenerate gamblers looking for a quick win to recoup their previous losses at craps?
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
wellwellwell
wellwellwell
Joined: Jun 17, 2015
  • Threads: 0
  • Posts: 62
November 5th, 2015 at 7:32:44 PM permalink
Quote: MrV

This thread is designed for discussions about Nanotek, Nanotek gaming, its stock, its products, and its personnel.

As a stock holder in both companies, my interest is more than casual.

OK, no fear of a rule 7 suspension guys, so have at it.



It appears to me that this thread is going to get out of hand quickly, and it is also going to put Ahigh in an awkward situation in probably not being able to nor wanting to answer some very delicate questions about the business practices of these two companies.

If both of these companies were fully audited and reported to the SEC and were listed on an exchange instead of in the pink sheets then the discussions might be fruitful.

Instead I expect a foodfight if the questions that need to be asked about these companies are put forward.
Zcore13
Zcore13
Joined: Nov 30, 2009
  • Threads: 28
  • Posts: 2479
November 5th, 2015 at 8:32:52 PM permalink
I own 45,000 shares of NTEK, which I purchased after they dumped the gaming lab from their books. I'm down $651 on the gamble right now but I still think there is a chance they eventually get bought out by a major studio or cable company. They have a viable product and are well positioned in the 4k industry, with real contracts and income on their financials. The question is will the next best thing come out before 4k even makes it. There's a fairly good chance of that happening.

I don't see NTGL having much of a shot at all. Just like NTEK. It's a penny stock for a reason. It's a VERY small fish in a HUGE ocean. The sharks have a lot of money. They probably spend more money in a year on client entertainment than NTGL spends in R&D.

I've made good money on some gambles and took it in the shorts on some others. No different than taking the same money to the casino. Well, maybe a little different. At the Casino I generally could have somewhere in the neighborhood of the high 40's percent chance of doubling my money. With NTEK, probably about 10%. And I'd put NTGL at about 2%.

That's the fun of it though. Pretty boring to own GM or HP. Penny stocks add some excitement to life.


ZCore13
I am an employee of a Casino. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
wellwellwell
wellwellwell
Joined: Jun 17, 2015
  • Threads: 0
  • Posts: 62
November 5th, 2015 at 9:49:05 PM permalink
Quote: Zcore13

I'm down $651 on the gamble right now but I still think there is a chance they eventually get bought out by a major studio or cable company. They have a viable product and are well positioned in the 4k industry, with real contracts and income on their financials. The question is will the next best thing come out before 4k even makes it. There's a fairly good chance of that happening.


ZCore13



ZCore13,

Do you believe the financials? They are unaudited ya know.

Here is why you are down in your gamble on NTEK:

12/26/14 outstanding shares 725,000,000 closing price $.0425

11/4/15 oustanding shares 1,550,000,000 closing price $.0067

825,000,000 shares issued into the float in 10 months more than doubling the outstanding...it's called dilution.

Now, before someone says they have to "sell" shares to fund operations and buy content ponder this.

Form 15 Dark Filing companies like NTEK and NTGL can't "sell" shares to the public to fund current operations like SEC reporting companies such as Netflix or Ford.

The only way they get shares into the float is by issuing them for debt that is aged one year. Those 825,000,000 shares were supposedly issued for expenses or capital purchases or toxic convertible debt incurred a year ago. Unfortunately, the balance sheet back a year ago didn't list that debt, but we can leave that for another discussion.

  • Jump to: