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AxelWolf
AxelWolf
Joined: Oct 10, 2012
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November 5th, 2015 at 10:04:03 PM permalink
Quote: wellwellwell

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.

No please, this is interesting, keep talking. Would love to learn more. (hopefully you know what you're talking about)

Thoughts on investing in the gaming part of their company?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
EvenBob
EvenBob
Joined: Jul 18, 2010
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November 5th, 2015 at 10:14:12 PM permalink
Quote:

825,000,000 shares issued into the float in 10 months more than doubling the outstanding



Wow, that's a lot of new shares. Is NTGL doing
the same thing?
"It's not enough to succeed, your friends must fail." Gore Vidal
MrV
MrV
Joined: Feb 13, 2010
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November 5th, 2015 at 10:14:31 PM permalink
Well, well, well.

Go deep.
"What, me worry?"
wellwellwell
wellwellwell
Joined: Jun 17, 2015
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November 5th, 2015 at 10:30:21 PM permalink
Quote: EvenBob

Wow, that's a lot of new shares. Is NTGL doing
the same thing?



Can't tell what is happening with the share structure of NTGL because they have the Transfer Agent gagged.

The transfer agent keeps records of the total shares authorized, outstanding, and restricted and who owns what.

With most companies, even NTEK, one can call or email the transfer agent and they will tell you how many shares are outstanding at that point in time. I'm sure the President of NTGL could make one phone call and tell his transfer agent to let any interested investor or prospective investor know what the structure is. But then again the President may not have the stock issuing side of the business in his portfolio.
EvenBob
EvenBob
Joined: Jul 18, 2010
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November 23rd, 2015 at 12:17:42 PM permalink
Lot of dumping going on today at NTEK, down
to .007, from Fri's .0075. Lots of activity
on the message boards, scroll all the way to
the bottom. How low can it go.

http://investorshub.advfn.com/NanoTech-Entertainment-Inc-NTEK-24538/
"It's not enough to succeed, your friends must fail." Gore Vidal
wellwellwell
wellwellwell
Joined: Jun 17, 2015
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November 23rd, 2015 at 3:05:48 PM permalink
Regarding the 9/30/15 NTGL statements particularly the Statement of Cash Flows, will someone explain to me how cash is increased by increasing Accounts Payable?

No revenue, No increase in notes, no depreciation or amortization, nothing but expenses, huh?

http://www.otcmarkets.com/financialReportViewer?symbol=NTGL&id=147747
DRich
DRich
Joined: Jul 6, 2012
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November 23rd, 2015 at 3:17:56 PM permalink
http://www.otcmarkets.com/financialReportViewer?symbol=NTGL&id=147747

Wow, started the quarter with $642 in the bank and spent $158,000. Hopefully they can get some more funds and keep going.
EvenBob
EvenBob
Joined: Jul 18, 2010
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November 23rd, 2015 at 3:31:00 PM permalink
Quote: DRich


Wow, started the quarter with $642 in the bank and spent $158,000. Hopefully they can get some more funds and keep going.



If they had zero income, and no cash, how did
they pay salaries? Loans?
"It's not enough to succeed, your friends must fail." Gore Vidal
Ahigh
Ahigh
Joined: May 19, 2010
  • Threads: 86
  • Posts: 5038
November 23rd, 2015 at 3:33:09 PM permalink
Quote: DRich

http://www.otcmarkets.com/financialReportViewer?symbol=NTGL&id=147747

Wow, started the quarter with $642 in the bank and spent $158,000. Hopefully they can get some more funds and keep going.



I appreciate all of the love and support from WOV members that I have gotten to know over the years.

I caution everyone to do their own due diligence and not to buy into obvious falsehoods on the internet about NTEK and NTGL. There are plenty.

In addition, please respect and understand that I am running NTGL. David Foley is incarcerated and this is a well known fact.

I don't mind telling you also that David is the founder and the original man who was behind me and enabled me to follow my vision that is being executed at NTGL.

He is also the person who purchased the tungsten die, you guys might remember.

He is painted by many to be a villain and he is in jail. But, unlike me, he does not really spend as much time defending himself from the EB's of the world.

Everything else aside, I am the person who is responsible for NTGL and I do appreciate folks not projecting onto me expectations based on what has happened in the past.

This is my vision: the idea for the NanoTech Advantage. That is the value of NTGL in a nutshell. We do need to get the parts and pieces fitted together and put together a partnership with multiple partners in order to make this whole big thing work.

But please, don't assume anything about what direction we are going to proceed.

I am diligently doing the best that I can to get the right people in place to make this whole big ball of wax work.

It takes much more work to get things to function than it does to destroy things. And I do not appreciate the negative and/or destructive comments.

It would be nice to hear more folks that know me and my character get behind myself, Stephen, Patty, and Adrian. We are NTGL.

Thank you so much.
wellwellwell
wellwellwell
Joined: Jun 17, 2015
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November 23rd, 2015 at 3:37:21 PM permalink
Quote: EvenBob

If they had zero income, and no cash, how did
they pay salaries? Loans?



Look at balance sheet.

Convertible notes payable 43,000 6/30 same 9/30.

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