NTEK / NTGL
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.
"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
Quote: EvenBobOK, 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
Quote: MrVOh 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?
Quote: EvenBobFrom 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.
Quote: MrVThis 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.
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
Quote: Zcore13I'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.
No please, this is interesting, keep talking. Would love to learn more. (hopefully you know what you're talking about)Quote: wellwellwellZCore13,
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.
Thoughts on investing in the gaming part of their company?
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?
Go deep.
Quote: EvenBobWow, 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.
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/
No revenue, No increase in notes, no depreciation or amortization, nothing but expenses, huh?
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.
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?
Quote: DRichhttp://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.
Quote: EvenBobIf 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.
Quote: AhighWe are NTGL.
Have you considered a name change to
get as far away from NanoTech as
possible? This Foley character seems
to be a millstone that is sinking all
around him. Have you read the latest
lawsuit details? It's pretty clearcut what
happened, and it doesn't look good for
Foley.
Quote: EvenBobHave you considered a name change to
get as far away from NanoTech as
possible? This Foley character seems
to be a millstone that is sinking all
around him. Have you read the latest
lawsuit details? It's pretty clearcut what
happened, and it doesn't look good for
Foley.
I really do envy such simplistic thinking. In the real world, junk on the internet, including some of the conclusions you propose on _this_ forum is generally ignored by folks making important business decisions.
However, that is not always the case.
I really would appreciate you keeping your word regarding the claims you made to me in private messages.
This is not a toy for you to tinker with, EvenBob. You and others here and on iHub may feel anonymous, but if anyone does enough damage intentionally, they will learn the hard way about the law.
Quote: AhighIt would be nice to hear more folks that know me and my character get behind myself, Stephen, Patty, and Adrian. We are NTGL.
I'm pulling for you and your company. You're a good guy and I think your games are outstanding.
I also am enjoying learning a thing or two about penny stocks.
Quote: WizardI'm pulling for you and your company. You're a good guy and I think your games are outstanding.
I also am enjoying learning a thing or two about penny stocks.
Thank you so much for you vocal support, Wiz!
It means a lot!
Quote: Ahighthey will learn the hard way about the law.
Please tell me what I've said that is
damaging. On the stock boards,
it's the Wild West, they say whatever
they want about your company.
It's called every bad name in the
book. I don't ever say anything
close to what they say on a daily
basis. If you can sue them, they
either don't know that, or aren't
worried about it.
Quote: Wizard
I also am enjoying learning a thing or two about penny stocks.
I'm also learning a lot, this has been very
educational.
Quote: wellwellwellRegarding 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
Cash flow is pretty much what it says. It a statement of how the balance sheet items and income affect the cash levels of the company. So if the company takes out a loan it will show up as a liability on the balance sheet but on the cash flow statement it will be listed as an increase in cash (which it actually is). Think of the cash flow sheet as an short term indicator of how easily a company will be able to pay it's currently due bills and other liabilities within the near future. The listing of an accounts payable on a cash flow sheet is something that is rather common if memory serves me right.
Quote: GWAECan someone give me cliffs why the founder is now in jail?
Because the prisons are filled with innocent people and this country is racist.
Honestly, if we didn't know Ahigh, this company would never show up on anyone's radar. 99.9% of these type companies never made a dollar. Maybe this is the exception, odds are it is not.
Quote: GWAECan someone give me cliffs why the founder is now in jail?
Fraud, misrepresentation, breach of contract.
Aaron, you are a bright, determined guy.
I wish you and NTGL the best.
But you might want to take a break from posting here for a bit, until things cool down.
Why give all the nattering nabobs of negativity more information to twist, take out of context, and spew?
Just sayin'.
If you ARE for real, please sell immediately and buy lottery tickets. They are a better bet.
Or you can just burn your money.
Quote: MrVWhy give all the nattering nabobs of negativity more information to twist, take out of context, and spew?
Trivia Time! Who originally coined that phrase?
Quote: MrVFraud, misrepresentation, breach of contract.
Aaron, you are a bright, determined guy.
I wish you and NTGL the best.
But you might want to take a break from posting here for a bit, until things cool down.
Why give all the nattering nabobs of negativity more information to twist, take out of context, and spew?
Just sayin'.
I assume from this company? I will read about it tonight. If thay is the case I am sure others in the company knew. Why is there 1 fall person?
Quote: WizardWho originally coined that phrase?
I was thinking about this very quote today. He
was one of the very first politicians to really
hate the press. Sinatra hated the press from
the 40's on.
Quote: GWAEI assume from this company? I will read about it tonight. If thay is the case I am sure others in the company knew. Why is there 1 fall person?
The fraud convictions he is in Federal prison for had nothing to do with NTGL or NTEK.
Quote: BozMaybe this is the exception, odds are it is not.
When people say "what are the odds?" I like to answer, "free bets on dice."
People generally don't ask "what is the probability?"
Just like newbs at the craps table talk about "snake eyes" and "crapping out" with the conviction that they KNOW what they are talking about. (giggle).
I suppose because succinctness and correctness play second fiddle to easy-to-digest soundbites that have little meaning and/or that are ambiguous.
Yesterday, the dealer on second base said that "odds and probability are the same thing."
I then said, "so this is the probability bet behind the passline then?"
Here's my suggestion: be correct and people listen more.
Say ambiguous things that cause people to argue without anyone learning and you're just generating noise.
A great quote.
Quote: beachbumbabsex- and disgraced former Vice President Spiro Agnew.
A great quote.
I think Ahigh's got a great concept, and a decent game that could be developed further. I don't think it serves any purpose to hang past issues around his neck here (and I'm honestly not familiar enough with the details to discuss it). It is what it is; the question should be, what's the plan from here on out? (Not that I think he should be posting it here, just looking forward within what he's doing.) JMHO, and I wish him well.
Quote: AhighYou and others here and on iHub may feel anonymous, but if anyone does enough damage intentionally, they will learn the hard way about the law.
I hope those lawyers accept NTGL stock as a retainer.
Quote: Ahigh
This is not a toy for you to tinker with, EvenBob. You and others here and on iHub may feel anonymous, but if anyone does enough damage intentionally, they will learn the hard way about the law.
I do hope you consider this as well. Lawsuits are very serious and EVERYTHING anyone says can and will be used against them. I could see a judge having plenty of material to consider on both sides in such a situation. I would hope it never gets to that, but with your passion, one should never take anything for granted.
This would be an interesting turn though as most lawsuits over penny stocks are the other way around and investors (foolishly IMO) try to sue for losses after losing everything. Even if they find someone to sue there is nothing to gain. I wonder how many of those who bash stocks on iHub actually have something worth suing for?
the Ahigh has resigned as president. What will
this do to the stock price.
Quote: EvenBobI just read on the NTGL stock message board
the Ahigh has resigned as president. What will
this do to the stock price.
I'm very sorry to read this.
Consider the source of the announcement.
No, not just EB: I'm talking about the guy on the board who calls himself "Meow D itchy Kitty."
I'd prefer definitive proof, as opposed to a vitriolic post by a rabblerouser.
Anyway, so long as he's still with NTGL he can try to actualize his dream: its only a hat he'd be giving up.
Quote: MrVMaybe he has, maybe he hasn't.
Oh, he has, he made a formal announcement
earlier today. I won't link to it because he
wouldn't like it. I'd PM it to you if you took
PM's.
Quote: EvenBobOh, he has, he made a formal announcement
earlier today. I won't link to it because he
wouldn't like it. .
LOL
Since when have you given a rat's patooee about Aaron's feelings?
Quite the opposite, in fact: your posts seem calculated to provoke a reaction, not avoid one.
Quote: MrVLOL
Since when have you given a rat's patooee about Aaron's feelings?
Since I told him I would stop giving him
a hard time. I would send the link but
you're above that, oh well. Five others
have asked that don't have PM issues..
From what I have read it seems he is stepping down as president but continuing on as development and programming.
Quote: GWAEEB can you send it to me.
From what I have read it seems he is stepping down as president but continuing on as development and programming.
Sounds like he gets to do what he enjoys without the headaches of being the guy who takes all the blame. Maybe it is or is not the right company for him, but it looks like he is in a better situation today than yesterday.
I currently hold a position lower than my abilities because I love what I do. I don't want the stress as president, even for more money.
