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unJon
unJon
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December 5th, 2018 at 5:05:59 PM permalink
After 10 min of reviewing stock message boards, this all seems to be classic pump and dump along with reverse splits plus flooding market with shares. I’d keep far away.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
MrV
MrV
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December 5th, 2018 at 5:10:52 PM permalink
Indeed.
"What, me worry?"
Wizard
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Wizard
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December 6th, 2018 at 6:09:14 AM permalink
Quote: SOOPOO

If I sell you 100 shares at a penny a share, the $1 transaction would now set the fake market cap at nearly 2 million dollars, as the price would be listed at 0.01 now. I own a few thousand shares. I may try to sell them just to show you how phony the 'market cap' is.



I'll buy one share for $1, just to see what happens. How do I buy it?
Last edited by: Wizard on Jan 6, 2019
It's not whether you win or lose; it's whether or not you had a good bet.
SOOPOO
SOOPOO
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December 6th, 2018 at 7:18:56 AM permalink
Quote: Wizard

I'll buy one share for $1, just to see what happens. Hos do I buy it?



I have an online brokerage account with TD Ameritrade. As we speak the "Bid" price is 0.005 for 40,000 shares. The "Ask" price is 0.007 for 250,000 shares. So you can buy up to 250,000 shares for 0.007, or sell up to 40,000 shares for 0.005. If you put in a buy order for $1 (assuming there is no minimum requirement) you would get 142 shares, not 1 share. The program always gets you the best price out there. There may be other sellers listing the shares at 0.008 as an example, but only the best price shows up. A stock that has a spread between .005 and .007 will not likely see any trades for a while.
Do you not have a personal online brokerage account?
Wizard
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Wizard
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December 6th, 2018 at 3:56:01 PM permalink
Quote: SOOPOO

I have an online brokerage account with TD Ameritrade. As we speak the "Bid" price is 0.005 for 40,000 shares. The "Ask" price is 0.007 for 250,000 shares. So you can buy up to 250,000 shares for 0.007, or sell up to 40,000 shares for 0.005. If you put in a buy order for $1 (assuming there is no minimum requirement) you would get 142 shares, not 1 share. The program always gets you the best price out there. There may be other sellers listing the shares at 0.008 as an example, but only the best price shows up. A stock that has a spread between .005 and .007 will not likely see any trades for a while.
Do you not have a personal online brokerage account?



Thank you. I have one with Fidelity. I guess I incorrectly thought you had to fill out a pink form to by pink-sheet stocks.

I've always believed that something is worth what you can get someone else to buy it for. If someone is offering to buy shares at 0.005, that indicates to me its true value at the moment.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
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Wizard
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January 6th, 2019 at 8:46:34 PM permalink
Quote: Wizard

NTEK is rallying, up to 0.008 -- up 67%. Market cap is at 1.429 million. What is the news I missed?



Time for a monthly check of NTEK. Current price is 0.0074, down 7.5%.
It's not whether you win or lose; it's whether or not you had a good bet.
billionaireben
billionaireben
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January 15th, 2019 at 5:46:42 PM permalink
Back in the day, someone who was raising money to go pan for gold might get listed in the pink sheets; the stocks were listed on cheap pink paper. Now, some brokers make you call one of their brokers and spend more for a manual trade to buy and sell pink sheet stocks. When adult videos were still dvd's sold in boxes in stores, I looked into raising money on the pink sheets; I figured the stock would do well since thousands of people would see the ticker symbol on the DVD box and know it was a legitimate business since they saw the video in stores.
sammydv
sammydv
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February 18th, 2019 at 9:28:04 AM permalink
A ntek/ntgl update. This from various sources as well as Pacer. Pacer is a free account with a generous no charge up to 10.00 dollars worth of searches and research a month.

David Foley and his wife have filed 3 so called skeleton bankruptcies meant solely to delay court and creditor processes through the court. These are basically phony devices to give someone time to do other things. Used by many to cause delays as bankruptcies normally freeze all collection actions except taxes to allow the debtors to if they are earnest, work out legit plans with creditors.

In the Foley's case, repeated filings of skeleton bankruptcies tend to show less than honorable intentions. The ceo/owner of nanotech, having at least at last count 11 active lawsuits, almost all of them for breach of contracts and non payments. It has been publicly court documented the ceo has not paid mortgage payments in years and has delayed foreclosure sales perhaps 5 to 8 times in the last year.

Neither NTEK or NTGL has any business licenses to operate anywhere in the United States that can be verified.
Ultraflix is not nor never has been available natively or 'installed' on any name brand device ever. This has been publicly promoted and lied about for years. Ultraflix the app has been shut down numerous times in the past year, most recently weeks ago for ssl certificate failures. David Foley publicly stated on a forum that the certificate had a problem. This is false. Certificates don't have problems. It is the business's responsibility to keep up on the fees and charges to keep their certificates updated. It's not free. It's very likely the fees were not paid and the domain and certificate association just routinely expired the cert. There's nothing complex or magical about owning and maintaining internet certificates.

Last fall, another Wells Notice was publicized-(last one was in 2012 when Foley stopped being a SEC filer) discovered legally that the SEC was investigating Foley and company. That's in continued progress.
Longside lawsuit was successful in at least getting a officer and insider company stock selling freeze. Allegedly no owner/officer of nanotech or it's subsidiaries can sell their stock in the open market.

Ultraflix had it's Nevada business license revoked two weeks ago and nanotech has been in default as well. The nanotech California license is forfeited-revoked for non payment of fees.

David Foley has been seen in public forums demeaning and calling his loyal shareholders ignorant and blames them for all his troubles.

Nanotech stock has a false market cap of 890K which is totally meaningless with a sub penny worthless stock.
The OTCM listing service, not an exchange has had the skull and crossbones status on Ntek for over a year. The ceo of nanotech said LAST year it was being removed in a week as he typed. Skull&bones designates a non paying entity to the listing service as well as otcm warning that they believe or know a company to be of questionable and possibly fraudulent conduct.

https://www.otcmarkets.com/stock/NTEK/overview

NTEK
NanoTech Entertainment, Inc.

OTC Markets Group Inc. ("OTC Markets") has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional caution and perform thorough due diligence before making an investment decision in that security.

The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following:

Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. See OTC Markets Group's Policy on Stock Promotion.
Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion campaigns (including third-party), unusual or unexplained trading activity, spam or disruptive corporate actions even when adequate current information is available.


Found this post on another forum site which is mostly made up of pumpers and so-called shareholders and nanotech ceo followers which is spot on with the comments about the ceo of nanotech.
Thanks for reading. This post is unedited and posted straight as copied in response to another who blames people who post the truth about nanotech. We are all adults and I will not sugar coat anything. If people want the site, just do a search with any of the sentences. That's how I found it. I just search with the nanotech name.

Seriously Felix? LMAO!

Because you’ve invented some sort of “white night” fictitious entity you’ve claimed “you’ve been made aware of,” everyone’s that lost 99.9% of their investment in this penny sham should feel better? Seriously? That’s the big news you’re breaking on this chat board?

You’re talking about the same person/persons who broke the fictitious claim of 60,000 NP-1’s wide open and warned people.

You’re talking about the same person/persons that posted the cease and desist legal document from Paramount and warned people.

You’re talking about the same person/persons who knew the reverse split was upcoming and warned people.

You’re taking about the same person/persons who broke the reality of Lisa Foley actually being behind the claimed “unaffiliated” Royal Capital Group, which dumped billions of shares on the market and warned people.

You’re talking about the same person/persons who knew the CE designation was coming to NTEK and warned people.

You’re talking about the same person/persons who said NTGL was complete sham and warned people.

You’re talking about the same person/persons who broke open the extent of enforcement judgements against NTEK and warned people.

You’re talking about the same person/persons who broke the stories of both NTEK and NTGL getting sued and kicked out of their respective offices and warned people.

You’re talking about the same person/persons who broke open the SEC investigation into NTEK/Foley and warned people.

You’re talking about the same person/persons who broke open the reality that Bridgeport was a completely made up scam and warned people.

You’re talking about the same person/persons who followed both David Foley’s multiple attempts to shirk the law with fictitious and failed bankruptcies as well as those of his wife aka partner in crime - and warned people.

And a million more red flags along the way that if taken as the facts they were could have saved a lot of investors a ton of money.

But yea, now that this criminal penny scam is on the countdown clock for being delisted and Foley and his family going to jail again, let’s bash those who uncovered the myriad of lies all along the way as this scam swirled down the drain rather than scratch your collective heads and wonder why you never read the real DD that was posted all along the way.

Oh, and let’s make sure to bash those with enough guts to post on this forum just how much they got suckered and how they’e lost their life savings and make them feel small.

Great plan genius!

LMFAO!
Last edited by: sammydv on Feb 18, 2019
sammydv
sammydv
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February 18th, 2019 at 9:38:41 AM permalink
Quote: billionaireben

Back in the day, someone who was raising money to go pan for gold might get listed in the pink sheets; the stocks were listed on cheap pink paper. Now, some brokers make you call one of their brokers and spend more for a manual trade to buy and sell pink sheet stocks. When adult videos were still dvd's sold in boxes in stores, I looked into raising money on the pink sheets; I figured the stock would do well since thousands of people would see the ticker symbol on the DVD box and know it was a legitimate business since they saw the video in stores.


Actually, that works in reverse with real businesses. Only scam companies would insert their ticker symbols in normal packaging and advertising. They are trying to sell the stock, not the product.
Even back then, that might have backfired, maybe not. But today, it most certainly would have failed.

And isn't it interesting how things just a few years ago were taboo and couldn't really be published about are now more acceptable? Like adult pornography and weed/cbd?

I used to be a cameraman for early porno films before video. We just started shooting with combo rigs of video/film. Most of the time they would rent cheap motel rooms, shoot against one wall, change clothes and shoot against the other wall, then we'd move over to another motel before getting busted. Walked out many of times as the police were coming in. Believe me it wasn't glamorous by any means. Good money, high stress back then. Totally different today.
Money and greed always wins out.
sammydv
sammydv
Joined: Mar 25, 2016
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February 19th, 2019 at 8:33:45 AM permalink
Quote: SOOPOO

Quote: Wizard

Quote: Wizard on 10/24/2018

I sometimes wonder about NTEK, but I'm usually away from the computer at those times. I see NTEK is trading at 0.0048. If all the licenses lapsed and there is no physical presence, how is it that there is still a ticker? The last time I checked the market cap, it was a few million. Now it is just over $800,000. Is that based in the value of its IP?



NTEK is rallying, up to 0.008 -- up 67%. Market cap is at 1.429 million. What is the news I missed?



As has been explained to you the 'market cap' is NOT a real market cap. If someone owned all of the shares and tried to sell them on the open market they would not get that 1.4 million, nor the 800k. Probably closer to zero. If I sell you 100 shares at a penny a share, the $1 transaction would now set the fake market cap at nearly 2 million dollars, as the price would be listed at 0.01 now. I own a few thousand shares. I may try to sell them just to show you how phony the 'market cap' is.


Hi Soopoo, you're very correct about market cap and penny stock, however, not about your single trade effecting market prices, instant MC. For one thing, ntek is on a listing service, not an exchange. A market exchange like NYSE requires audited financials and verifiable numbers when companies submit their filings. The OTCM does not vet anything about companies. It's basically an advertising venue for companies who can not or refuse to be SEC filers and thus be held more accountable. The OTCM is a private company created to allow market makers to have a convenient location as a 'clearing house' of sorts to transact trading in entities that are not registered with government agencies such as SEC and are not or can not be on a registered market exchange.

As far as your single trade moving the pps, it's literally not possible when over 179 million shares are outstanding. Even a million shares sold would only move the pps a fraction and that would be momentary and the market cap would not reflect that at EOD.
And the only reason why we are seeing pps move on ntek is because it is now illiquid with low volume. And as you and I have commented, the pps is not an indicator of a companies true value. Just the value of the stock at the moment. MC actually has nothing to do with a companies condition or numbers at all when looking at a scam who issued themselves billions of authorized shares and then have a billion shares outstanding for the market.
GL and keep up the good work.

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