Thread Rating:

wellwellwell
wellwellwell
Joined: Jun 17, 2015
  • Threads: 0
  • Posts: 62
December 9th, 2015 at 6:53:04 PM permalink
Quote: DRich

Are you saying that they were supposed to transfer it and they didn't, or that it really isn't an asset?



I'm saying NTGL owns it and it is an asset on their balance sheet.. The assignee name can be changed whenever. Look at their balance sheet. Gaming Assets-IP

http://www.otcmarkets.com/financialReportViewer?symbol=NTGL&id=147747
Ahigh
Ahigh
Joined: May 19, 2010
  • Threads: 86
  • Posts: 5049
December 9th, 2015 at 7:28:31 PM permalink
Quote: wellwellwell

I'm saying NTGL owns it and it is an asset on their balance sheet.. The assignee name can be changed whenever. Look at their balance sheet. Gaming Assets-IP

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



Thanks for this, by the way, and yes, I am 100% certain that NTEK agrees as demonstrated by this document that NTGL owns ALL of the patents submitted by Stephen and me.
MrV
MrV
Joined: Feb 13, 2010
  • Threads: 273
  • Posts: 5632
December 9th, 2015 at 7:40:52 PM permalink
Let's just hope it all comes to fruition; love to see NTGL hit it out of the park.
"What, me worry?"
Ahigh
Ahigh
Joined: May 19, 2010
  • Threads: 86
  • Posts: 5049
December 9th, 2015 at 9:06:16 PM permalink
As hard as I am working and as rude as some people have been about the work that we are doing and their expectation that it will all be for naught, it would be a relief for it NOT to work.

We are not looking for, nor have we ever searched out the EASY path.

We are truly making arduous efforts towards transforming the industry towards unlimited bet denom AP.
MrV
MrV
Joined: Feb 13, 2010
  • Threads: 273
  • Posts: 5632
December 15th, 2015 at 8:03:50 AM permalink
Let's just hope you find the Magic Elixir: my NTEK shares are down 97%, and NTGL is down 46% since purchase.

Anything new to report about the business?

*crosses fingers*
"What, me worry?"
Boz
Boz
Joined: Sep 22, 2011
  • Threads: 138
  • Posts: 3641
December 15th, 2015 at 8:21:50 AM permalink
Quote: MrV

Let's just hope you find the Magic Elixir: my NTEK shares are down 97%, and NTGL is down 46% since purchase.

Anything new to report about the business?

*crosses fingers*



You have a couple weeks left to sell to get the tax deduction if you can use it. Always a positive if you look hard enough!
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 402
  • Posts: 19879
December 15th, 2015 at 11:29:08 AM permalink
Quote: MrV

Let's just hope you find the Magic Elixir: my NTEK shares are down 97%, and NTGL is down 46% since purchase.



Just a few weeks ago everybody was aghast
that NTEK was at .0075, today it's .0037 and
goes down significantly % wise every day.
They call it a death spiral on the stock boards,
does that mean what it implies, that a company
is going under?
"It's not enough to succeed, your friends must fail." Gore Vidal
Boz
Boz
Joined: Sep 22, 2011
  • Threads: 138
  • Posts: 3641
December 15th, 2015 at 11:55:56 AM permalink
Quote: wellwellwell

I'm saying NTGL owns it and it is an asset on their balance sheet.. The assignee name can be changed whenever. Look at their balance sheet. Gaming Assets-IP

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



How is the determination of $739836 made on the value of the Gaming Assets ( IP)? Like any other business venture or equipment, it is worth what someone is willing to pay for it. So does anyone know what they could reasonably get for the Gaming Assets? Otherwise it looks to be that the company had $8500 in assets at the end of September, or about the same as they owe in rent.

Figuring the value of the Gaming Assets is the only way to truly put a value on this company.
wellwellwell
wellwellwell
Joined: Jun 17, 2015
  • Threads: 0
  • Posts: 62
December 15th, 2015 at 12:00:13 PM permalink
Assets on a balance sheet are valued at historical cost not fair market value(some exceptions to state them lower than historical cost but not higher).
Boz
Boz
Joined: Sep 22, 2011
  • Threads: 138
  • Posts: 3641
December 15th, 2015 at 12:02:39 PM permalink
Quote: wellwellwell

Assets on a balance sheet are valued at historical cost not fair market value(some exceptions to state them lower but not higher).



Got it, Thank You. So that gives us nothing to go with other than what they spent designing and securing the patents. Again do we know if the company has anything of actual value other than faith, belief, hope and $8500?

  • Jump to: