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TheGrimReaper13
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May 2nd, 2016 at 7:12:26 AM permalink
Quote: Wizard

I'm pulling for you and your company. You're a good guy and I think your games are outstanding.


Quote: Wizard

Where's a fat lady when you need one?

It's not like a couple of us didn't tell Ahigh the obvious outcome, from the start here.
So much bullshit; so little time!
Wizardofnothing
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May 2nd, 2016 at 7:30:15 AM permalink
I think people are gloating for no reason here, you have to take risk and go for it in business.

In another life I left a job to work for a startup- the startup went public and on paper I had 80 million - it lasted here month when in still in lockup period the stock fell apart-it wasn't a penny stock it was over 90 dollars- it happens .... No ones fault ahigh had a decent idea and product before its time/ it didn't make it I wish him well with his future endeavors
No longer hiring, don’t ask because I won’t hire you either
Zcore13
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May 2nd, 2016 at 7:42:52 AM permalink
Quote: Wizardofnothing

I think people are gloating for no reason here, you have to take risk and go for it in business.

In another life I left a job to work for a startup- the startup went public and on paper I had 80 million - it lasted here month when in still in lockup period the stock fell apart-it wasn't a penny stock it was over 90 dollars- it happens .... No ones fault ahigh had a decent idea and product before its time/ it didn't make it I wish him well with his future endeavors



What if when you were at your start up, you were a member of a forum. And at this forum there were experts in many different facets of the business that you were just learning. And what if these experts told you many different things that would help, but you refused to listen because you thought you knew more.

Is it still no one's fault?


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
Wizardofnothing
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May 2nd, 2016 at 7:51:20 AM permalink
I'm
Sure people had advice for us that we didn't take - just like in the big short they didn't take mike burrys advice it happens. That's business's no one rubbed it in our face for not taking their advice
No longer hiring, don’t ask because I won’t hire you either
DRich
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May 2nd, 2016 at 7:55:57 AM permalink
Quote: Zcore13

What if when you were at your start up, you were a member of a forum. And at this forum there were experts in many different facets of the business that you were just learning. And what if these experts told you many different things that would help, but you refused to listen because you thought you knew more.

Is it still no one's fault?


ZCore13



Many great inventions and ideas have materialized despite the inventors being constantly told it wouldn't work.

The idea of skill based gaming will evolve and be a big part of gaming's future. I don't blame Ahigh at all for the companies failure. With a penny stock model like they had the company had very little chance.
At my age, a "Life In Prison" sentence is not much of a deterrent.
Wizardofnothing
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May 2nd, 2016 at 7:57:09 AM permalink
What drich said !!
No longer hiring, don’t ask because I won’t hire you either
TheGrimReaper13
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May 2nd, 2016 at 8:05:13 AM permalink
Quote: DRich

Many great inventions and ideas have materialized despite the inventors being constantly told it wouldn't work.

I don't know about that.

In any event, you have to separate the idea from the business. Or find someone who can. No sales/orders/negotiations/prospects is a non-starter.
So much bullshit; so little time!
Zcore13
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May 2nd, 2016 at 8:05:31 AM permalink
Quote: DRich

Many great inventions and ideas have materialized despite the inventors being constantly told it wouldn't work.

The idea of skill based gaming will evolve and be a big part of gaming's future. I don't blame Ahigh at all for the companies failure. With a penny stock model like they had the company had very little chance.



There are a lot of factors in business. Not any one person is to blame. But, he was given good advice that he did not listen to. Even in the penny stock world you have to take some personal responsibility.

I've had successes and I have had failures in business. There have been a couple times where I did not listen to those that had more experience. And that was my fault and I am responsible for that.

ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
Wizardofnothing
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May 2nd, 2016 at 8:17:48 AM permalink
True, but you do not know whether what was said would have helped or not- may have been the same result,
No longer hiring, don’t ask because I won’t hire you either
MrV
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May 2nd, 2016 at 8:22:17 AM permalink
I don't have a lot of first hand knowledge about the people behind the formation and stock machinations of this company, but the fact that fonder Doug Foley went to prison for fraud June 2015 should have been a red flag.

It seems Aaron was involved with the company prior to Foley going off to prison; one must assume he knew of Foley's legal problems but came on board anyway, enticed perhaps by lucrative stock options, a good pep talk, and naive hope.

Regardless, it's quite unfortunate.
"What, me worry?"
TheGrimReaper13
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May 2nd, 2016 at 8:45:50 AM permalink
Quote: MrV

... should have been a red flag.

A lot of these guys get out of prison, start new scams, and become millionaire AP's.

P.S. The guy you can't mention around here without being banned.
So much bullshit; so little time!
Zcore13
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May 2nd, 2016 at 9:07:53 AM permalink
Quote: MrV

I don't have a lot of first hand knowledge about the people behind the formation and stock machinations of this company, but the fact that fonder Doug Foley went to prison for fraud June 2015 should have been a red flag.

It seems Aaron was involved with the company prior to Foley going off to prison; one must assume he knew of Foley's legal problems but came on board anyway, enticed perhaps by lucrative stock options, a good pep talk, and naive hope.

Regardless, it's quite unfortunate.



He knew. He worked for him at the business that caused him to go to prison.

ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
sammydv
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May 11th, 2016 at 12:35:08 PM permalink
Quote: Zcore13

He knew. He worked for him at the business that caused him to go to prison.

ZCore13



First I'd like to apologize to the board members for making a newb ass of myself. It was not intended as it turned out.

Yes, ahigh was probably one of the main coders for foley's aultracade business, that foley ended up screwing everybody stealing intellectual property and selling it as his own. ahigh was no doubt aware of foleys actions and whether he condoned it or not, is culpable by association.

I don't know how he didn't go down with foley.
TwoFeathersATL
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May 11th, 2016 at 1:01:37 PM permalink
That was quite an apology.
Let me read it again.

I did.
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
Wizardofnothing
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May 11th, 2016 at 1:10:47 PM permalink
Damn I'm just not following any of these posts today
No longer hiring, don’t ask because I won’t hire you either
ernestmiddle
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May 11th, 2016 at 3:07:58 PM permalink
Wanna guess who posted this on his facebook page ?

I am going to fire up my downstairs computer and look at the potential for advantage play craps starting tonight. I probably won't get too far beyond just hooking up displays and what-not, but I'll be unearthing technology for AP craps that has lie dormant for over two years now. It may be interesting!
sammydv
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May 14th, 2016 at 2:33:43 PM permalink
Quote: ernestmiddle

Wanna guess who posted this on his facebook page ?



Ahigh?
I don't think he'll bother any more. ahigh has erased as much of his history with foley and ntek as possible from the interent.
But links will always be available from the wayback machine.
Ahigh has wiped ntek from all his personal linkages...fb, lynkdin as many as possible.

That tells me a lot about his former company and boss.
No ones going to see the furry games or anything else ahigh has done the last 15 years.
foley ruined it for ahigh, but ahigh isn't innocent and allowed it, probably believing he is smarter than foley.
ernestmiddle
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May 14th, 2016 at 2:56:21 PM permalink
anybody else see the digital pinball machine on Shark Tank last night ? ?
GWAE
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May 14th, 2016 at 5:30:43 PM permalink
Quote: ernestmiddle

anybody else see the digital pinball machine on Shark Tank last night ? ?



Yes I thought it was quite impressive.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
ernestmiddle
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May 14th, 2016 at 7:11:23 PM permalink
Me too. Not to diminish Ahigh's pinball, but seems others are extremely talented in this field as well.
Zcore13
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May 14th, 2016 at 7:15:45 PM permalink
I said from the beginning it was a toy, best suited for the home user. If it could play classic pinball titles, I'd buy it. It would have made a killing at Christmas time. It's not even in the same world as some of the other stuff being worked on in the digital aND casino worlds.

ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
ernestmiddle
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May 14th, 2016 at 7:25:51 PM permalink
Did you see the version on Shark Tank. That is the market they are seeking, with all the classic pinball titles.
tringlomane
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May 14th, 2016 at 8:54:56 PM permalink
Quote: ernestmiddle

Did you see the version on Shark Tank. That is the market they are seeking, with all the classic pinball titles.



Sounds smarter to me.
AxelWolf
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May 14th, 2016 at 10:57:57 PM permalink
I think what some of you are focused on the actual games themselves that Ahigh created. Even though the pinball machine was impressive on its own, that was just a small part of the what was so impressive about his game and technology. He made a true skill gaming system that ensured the house a profit. Advantage payers or skilled gamers couldn't beat the house unlike many past games that offered a 100%+ payback. Yet they could gain a significant skilled advantage.

Unlike counting, progressives and many or the other accumulator/ bonus banking and vulture type slots and VP, one couldn't simply look and tell if it was positive before just by looking.

I seen great beauty in the custom betting he came up with. There's nothing I can think of that is as flexible and customizable with so many combination of bets and pays.

IE bet $100 with a high probability to win $10 or bet $10 with a low probability to win $10,000 and every combination in between. One could even structure the bets to be around 50/50 like baccarat or whatever.

There was zero skill needed to play a somewhat fair game. Someone could simply pull the plunger and release the ball and walk away, yet still achieve a minimum payback percentage. The best player could lose on any series of individual bets.

In that article I linked to before, the that discussed one of the big issues facing & casino skillgaming concerning the games actually requiring skill to entice people yet making sure players couldn't actually beat up the house. Ahigh solved this problem beautifully.

The system could be applied to just about ANY SLOT and not just any skill game. Lets not forget how FUN his games were.

People kept saying players wouldn't bet $10/$100 to win xxx on a slot but that's not the only option. There's many ways they could've set it up.

I was never under the impression his company would be successful. I was actually very skeptical. Even before I knew anything about this Foley guy, especially since he called it Advantage Play and kept focusing on that aspect. But even if Ahigh followed everyone's advice and built the perfect game it seems like this company was doomed with the people who owed it.

Did anyone ever find out how much they were trying to sell them for or what it would cost to build one?
♪♪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♪♪
DRich
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May 15th, 2016 at 7:38:26 AM permalink
Quote: AxelWolf


Did anyone ever find out how much they were trying to sell them for or what it would cost to build one?



They couldn't sell them or build them because they were not licensed. Their best case scenario was to license the intellectual property to other manufacturers, The problem with that is until the patent issues a company wouldn't even know what it is licensing because in most patents many claims get disallowed.
At my age, a "Life In Prison" sentence is not much of a deterrent.
sammydv
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May 16th, 2016 at 7:49:55 AM permalink
Both drich and axelwolf have made very valid points.
If you take ahigh totally out of the picture, the results are still the same, foley and company are very dirty and it didn't matter how good the product was, the management never had any intent to support any products.

Ahigh himself allowed to get involved with the dirt, has totally divorced himself from that association and may still face the piper for past transgression if any. What ahigh worked on in that time frame has most likely been rendered meaningless and tainted. ahigh isn't out of the woods quite yet. But at least he's away from the foley criminal enterprise at this time.

There is no patents, no production plan for any games by ntgl and at this time, looks like there's no ntgl.
MrV
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May 18th, 2016 at 4:54:22 PM permalink
*poof*

gone
"What, me worry?"
GWAE
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May 18th, 2016 at 5:16:01 PM permalink
Article thing is a little harsh. Feds could call the old CEO cfo for an audit and get answers if they really wanted to.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
sammydv
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May 22nd, 2016 at 8:46:03 PM permalink
Quote: MrV

*poof*

gone



Now ntgl has no Nevada business license any more. In default. Could be revoked any time.
How are they supposed to develop anything now. No way to sell products. wtf.
MrV
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June 2nd, 2016 at 11:45:13 PM permalink
Quote: sammydv

Ahigh himself allowed to get involved with the dirt, has totally divorced himself from that association and may still face the piper for past transgression if any.



Poor Aaron.

His life sure turned into a pile of vomit after he left this board.

Not only did he get royally screwed on the NTGL deal, his marriage imploded: his divorce was final in mid-April.

Hope he's OK and rises phoenix-like from the ashes.
"What, me worry?"
AxelWolf
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June 3rd, 2016 at 2:09:36 AM permalink
Quote: MrV

Poor Aaron.

His life sure turned into a pile of vomit after he left this board.

Not only did he get royally screwed on the NTGL deal, his marriage imploded: his divorce was final in mid-April.

Hope he's OK and rises phoenix-like from the ashes.

How coy MrV.

Please don't try to hide your true intentions here. Your "Poor Aaron" comment seems fake as an obvious fake attempt to seem compassionate, meanwhile trying to put him down and expose his misfortune.

Don't try to seem like an innocent concerned person when you're really just trying to prove a point.

Hopefully he won't mind me saying this. But I communicated with him the other day and he sent me some pictures and he seemed to be on a mini vacation and having a blast. #AlmostJealous
♪♪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♪♪
MrV
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June 3rd, 2016 at 9:31:08 AM permalink
"Coy?"

Let's cut to the chase:

I've mixed feelings about the guy.

His ego "wrote checks he could never cash," (so to speak) and his internet persona was typically confrontational and abrasive.

And yet: he was devoted to craps and spent time and money to try to prove whether dice setting could really work, an act I admired.

He had the cajones to meet WoVers at a WoVcon: I stood at a craps table at Casino Royale and rolled dem bones with him: he's somebody I have met.

He is being tarred and feathered on the ihub board (unfairly, in my opinion) by a coterie of investors who got their hats handed to them when NTGL imploded; they are hurting and he's a convenient target, especially given their claim that he went in with both eyes open: whatever, I don't know, but his dream, so loudly trumpeted by him when he dramatically left this board became an abject nightmare.

So I reported he just got divorced.

That's public record: takes a two minute google search to verify.

It may be seen as a cheap shot, but it shows the extent of the damage done.

What, real life should never intrude on these boards?

He failed, and given the interest board members have had in him I see no reason not to report the extent of his failure.

Let it be a lesson to others.

Time for him to reboot and start over.

That's the American Way.

I hope he lands on his feet.
Last edited by: MrV on Jun 3, 2016
"What, me worry?"
sammydv
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June 3rd, 2016 at 10:15:46 AM permalink
Quote: MrV

"
SNIP> He failed, and given the interest board members have had in him I see no reason not to report the extent of his failure.

Let it be a lesson to others.

Time for him to reboot and start over.

That's the American Way.

I hope he lands on his feet.<SNIP



So, when one knowingly rips off people and companies IE: coding for Ultracade and foley the felon, you should be able to 'reboot' yourself, take no responsibility for criminal behavior or association with known criminals (Ahigh's been with foley all this time through all the litigation and probably sweating out jail time himself, or turning states witness so as to NOT go to jail...remember?) and just start over, clean as a baby's bottom?
And these years of behavior is just a 'failure'? They didn't fail, they got caught.

His personal life isn't really on topic, but his professional life and actions should be allowed on any public forum. But since ahigh chooses to publish all his immature activities on fb and other places, again, he brings this on himself.

I seriously doubt knowingly letting criminal behavior go unpunished is the American way.


And putting a empty line in between every single line is very annoying and wasteful. Unless its from a phone or something and can't be avoided.
SOOPOO
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June 3rd, 2016 at 10:25:09 AM permalink
Quote: sammydv



I seriously doubt knowingly letting criminal behavior go unpunished is the American way.



If you have proof of criminal behavior committed by Ahigh, please share it with us. As far as knowingly associating with someone who has a criminal record, well, should ex cons not be allowed to pursue business enterprises?
Summary--- you invested in a HIGHLY speculative penny stock (so did I) and it is now worthless.
I know Ahigh. I was at the NTGL office. I can assure you that they had a product, had an idea, had a plan for making it work. Unfortunately, it failed. The same can be said for any number of penny stocks that eventually go bankrupt.
Boz
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June 3rd, 2016 at 10:26:27 AM permalink
Was said many times, he was offered so much advice by people in the business and knew what they were talking about. He always acted like they knew nothing and he knew it all. Hard to like a guy like that. Not sure if he knew the people he was in bed with were criminals. I give him the benefit of the doubt because people with egos like him usually only see what they want to see. In either case, I find it hard to feel bad for the guy.
Wizard
Administrator
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June 3rd, 2016 at 11:09:00 AM permalink
Quote: MrV

*poof*



NTEK still has a market cap of 4.47 million. NTGL of $908,303.

Question: At what point do shares quit trading because a company doesn't exist any longer? Or do they keep trading as long as there is a buyer and a seller?
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Skeptic
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June 3rd, 2016 at 11:55:23 AM permalink
"NTEK still has a market cap of 4.47 million. NTGL of $908,303."

How? NTEK has at least 2 billion shares outstanding now and the price is .004 at the moment. That's approx $8 million market cap. We don't really know the outstanding at NTGL because they decided not to report last quarter.

The tickers will trade until revoked by the SEC/FINRA, and that's pretty rare. Some zombie tickers can trade for several years after the company has closed it's doors and the principles walked away. That's why the OTC is rife with fraud. Zombie tickers are also easy to hijack (i.e. you or I take one over with some paperwork and start printing stock for next-to-nothing, hire a couple people to spread positive rumors on the internet and then dump for a few hundred grand or millions depending on the quality of the rumor). Virtually impossible to prosecute criminally and if the SEC shuts it down we literally only have to promise not to do it again for 5 years (not a joke).

The OTC needs to be shut down, but unfortunately the JOBS Act is only going to make it worse.
DRich
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June 3rd, 2016 at 12:02:35 PM permalink
Quote: Wizard

NTEK still has a market cap of 4.47 million. NTGL of $908,303.

Question: At what point do shares quit trading because a company doesn't exist any longer? Or do they keep trading as long as there is a buyer and a seller?



What will happen quite often with penny stocks is that the company will quit functioning and the stock will go to almost zero. Most of the time they will keep the entity alive and sell it off to another company that wants to be listed. That way the new company doesn't have to do all of the filing and creation of a new public stock. I believe that is basically how NTGL started after splitting from NTEK. If my memory serves me right they "bought" another shell and merged it with the new company NTGL to get listed. They then changed the stock ticker of the old company to NTGL.
At my age, a "Life In Prison" sentence is not much of a deterrent.
mrsuit31
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June 3rd, 2016 at 12:06:16 PM permalink
Quote: SOOPOO

should ex cons not be allowed to pursue business enterprises?



When referring to the Gaming Industry, under most circumstances, the answer to that question is yes...
.
Skeptic
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June 3rd, 2016 at 12:07:52 PM permalink
"Most of the time they will keep the entity alive and sell it off to another company that wants to be listed."


That's how NTEK came to be as well. Both were stock-selling schemes from the get-go.

Of those 2 billion NTEK outstanding shares, David Foley issued himself 1.5 billion of them in the past 18 months by way of a front company. He also issued himself the bulk of NTGL's outstanding as well.

If ahigh wasn't in on the scam then he's an absolute moron who had no business in his position in the first place. I tend to believe he had to have known due to his long-time association with Foley during the Ultracade affair.
AxelWolf
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June 3rd, 2016 at 12:44:46 PM permalink
Quote: Skeptic

"Most of the time they will keep the entity alive and sell it off to another company that wants to be listed."


That's how NTEK came to be as well. Both were stock-selling schemes from the get-go.

Of those 2 billion NTEK outstanding shares, David Foley issued himself 1.5 billion of them in the past 18 months by way of a front company. He also issued himself the bulk of NTGL's outstanding as well.

If ahigh wasn't in on the scam then he's an absolute moron who had no business in his position in the first place. I tend to believe he had to have known due to his long-time association with Foley during the Ultracade affair.

I don't think it would have mattered who was in charge as long as Foley was in the picture.

I don't think Ahigh was supposed to be the CEO or whatever the highest tittle he had was. He was supposed to be leading the team that was making the game. As far as all the financial and extra stuff goes I don't think that was the original part of the plan.

I don't think Ahigh got rich off this deal either. He probably got underpaid.
♪♪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♪♪
Skeptic
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June 3rd, 2016 at 12:51:24 PM permalink
Then he was a willing dupe. Both of those shells were created to sell stock into fake hype. They just need a story and ahigh's game made a nice story. It all fell apart under the slightest scrutiny, but the targets of these scams never give them any scrutiny. The internet reaches a lot of people and only a small fraction of them are needed to pull off one of these cons.

If ahigh wasn't meant to be President then why did he become President? Nobody else would take the risk most likely and he wasn't smart enough to object. He just saw the chance to feel important while playing video games all day. A chance at some respect for once, perhaps.

I've followed/researched/written about hundreds of these over the past decade. This is one of the more obvious cases.
Wizardofnothing
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June 3rd, 2016 at 12:53:07 PM permalink
Are you that naive that you think this was all a scam, this happens with companies everyday- they have an idea - they try it and it doesn't take off- you must have lost a lot to be that bitter
No longer hiring, don’t ask because I won’t hire you either
Skeptic
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June 3rd, 2016 at 12:55:40 PM permalink
Me? There are literally hundreds of these obvious scams going on right now. It was all about a story that would sell stock to gullible people, not be a successful business. I'm afraid you might be the naive one.

No, Ive never lost on them, I don't gamble at rigged tables. These are true-life crime stories playing out in real-time. Very entertaining.

Foley has been a con-artist for a long time and the claims made about NTEK years ago were obvious fraud then. The people pushing it online are in on it. It's a modern-day boilerroom operation.

Wolf of Wall Street - a large portion of that movie is about these OTC scams by the way. Organized crime also has a large foothold in the OTC.
Wizard
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June 3rd, 2016 at 2:36:26 PM permalink
I know ahigh pretty well. Those two recent interview videos I did were done at his house. There were some jokes made about his backyard umbrella.

My point is that ahigh truly believed in the product the company made. He did an outstanding job on it in terms of the realism of capturing pinball in a fully electronic game. Maybe the business plan wasn't the best, but I assure you that ahigh wasn't in on any fraud but truly believed the company was at the forefront of the next big thing in gambling. Anyway, that's my two cents on it.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
MrV
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June 3rd, 2016 at 4:20:11 PM permalink
I'd like to think you're right, Wiz.

Ahigh is a smart guy, he's driven, cordial and sociable in real life, and seemingly has some talent as a game designer.

I doubt he has a MBA however, which probably should be a minimum requirement to understand what needs to be done as president of a company.

It ain't just a "gimme" cap with a logo to wear backwards.

I wonder if he's still rolling dem bones as often as he used to?
"What, me worry?"
Boz
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June 3rd, 2016 at 5:40:58 PM permalink
I've known a few CEO's and Presidents of public companies over the years and none of them ever acted in the way Ahigh did. They would never put themselves out in the public the way he did. Any legitimate company would fire or censor anyone in a position of management if they did the stuff he did on here. He wasn't hiding behind a fake screen name, he was Aaron Hightower, NTEK employee. He came off as both a know it all and a crybaby. And most objective people who have ever interacted with him on here observed it daily. Add in the reported treatment of workers in casinos by his own admission and and its hard to feel bad for him.

Maybe he can turn it around, sometimes you have to hit rock bottom before you can bounce back. It's still a gambling forum so my bet would be that he learned little from this and would be the same arrogant ass if in the same position again.
Wizardofnothing
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June 3rd, 2016 at 5:50:50 PM permalink
I respectfully disagree about people who are CEOs not putting themselves out there
One need only look at John legere Ceo of t mobile
John Mcafe. Prior ceo of mcaffee or however it's spelled
Larry eliason from oracle who is outright on some sugar daddy site
And the list goes on
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sammydv
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June 3rd, 2016 at 5:51:19 PM permalink
Quote: Wizard

NTEK still has a market cap of 4.47 million. NTGL of $908,303.

Question: At what point do shares quit trading because a company doesn't exist any longer? Or do they keep trading as long as there is a buyer and a seller?


That's one of the defining points whether a pink sheet shell company is a real ongoing enterprise or a criminal front to sell stock in the market.
A legit company is known as a SEC filer or registered with the U.S. Securities and Exchange Commission, where financial records are put to scrutiny or will be at any time. Being a SEC filer doesn't guarantee a company isn't a scam, just makes it more difficult because most everything is public record. Which brings us to what ntgl and ntek are, NON filers, with no obligation to make public any financial information. None. Even the outstanding share count can be fudged through timing. Ntek and ntgl were never a SEC filer, and all the filings they make to the otc are meaningless. The OTCM is not an exchange, only a fee paid listing service with no governmental oversight and does not vet any corporate filings.

ntgl has no business license, but has not filed BK or has been revoked, so the shares can still be traded. It's now a zombie stock with no business standing. There is a market tier called the grey sheets where no MM or markert maker will sponsor stock. Grey stock is traded direct through brokers one on one basically.

If you have shares in ntgl and the company ticker gets revoked, then you own stock in a private company and can sell through your broker to the company if they're buying their shares, or for a higher fee most likely, your broker will try to find a buyer. That's basically what the grey sheets are for, abandoned, BK stock that wasn't declared worthless by the company or judge, or zombie stock like ntgl.

I may not be exactly correct but you get the gist.

And you, as a mathematician, most likely realize, the market cap indicator of a shell company with 3 billion shares outstanding at some sub penny price claiming a 'market cap value' of 10 million dollars when every one knows they operate out of a rented backroom and mail drop can't possibly be a valid and useful market tool.
MrV
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June 3rd, 2016 at 5:59:55 PM permalink
'Twould be interesting if he started posting again, now that his conflict of interest is resolved.
"What, me worry?"
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