NTEK / NTGL
Instead of casting unfounded aspersions here, go make your case to the DA. Or if you have proper standing for a civil complaint, file suit yourself. If you haven't filed suit, why not?Quote: sammydvI don't agree. Ahigh is not innocent at all in my opinion. And I believe he should answer for some argumentatively connected transgressions.
Where do you see this? Is it because I don't have a twit account I don't see that twit's tweets?Quote: BozQuote: MrVDavid R. Foley tweets:
tweets
Looks like his asking for help for the "indiegogo" film isn't helping. 1% of goal raised.
Not sure getting him to endorse your product is a good idea.
I don't believe your comments at me are relevant to this thread.Quote: MathExtremistInstead of casting unfounded aspersions here, go make your case to the DA. Or if you have proper standing for a civil complaint, file suit yourself. If you haven't filed suit, why not?
All shareholders were injured with assorted amounts of damages. My damages were very minimal. A class action suit by shareholders is almost never seen, nor would amount to a hill of beans as ntek aparently has no corporate money. The felon has plenty of money offshore as he followed the game plan of crooks by establishing a straw entity called Royal Capital and gifted everyone possible in his family with free shares in the last 2 years.
And I don't believe and have never believed playing penny scams is an investment. And there are 2 active lawsuits and probably more in the wings, they don't need my help.
An opinion is not an 'aspersion' I'm afraid.
That's not just an opinion, that's an accusation of financial criminal activity. So I'll ask it again: have you made your case to the DA? Or the SEC? Or whoever is responsible for prosecuting financial criminals?Quote: sammydvI don't believe your comments at me are relevant to this thread.
All shareholders were injured with assorted amounts of damages. My damages were very minimal. A class action suit by shareholders is almost never seen, nor would amount to a hill of beans as ntek aparently has no corporate money. The felon has plenty of money offshore as he followed the game plan of crooks by establishing a straw entity called Royal Capital and gifted everyone possible in his family with free shares in the last 2 years.
And I don't believe and have never believed playing penny scams is an investment. And there are 2 active lawsuits and probably more in the wings, they don't need my help.
An opinion is not an 'aspersion' I'm afraid.
If not, why not?
Last time I looked, stating an opinion of the activity of a public figure on a open internet forum chat board, and BTW ahigh is still listed on the SOS ntgl defaulted inc. page, isn't illegal or an actionable offense.Quote: MathExtremistThat's not just an opinion, that's an accusation of financial criminal activity. So I'll ask it again: have you made your case to the DA? Or the SEC? Or whoever is responsible for prosecuting financial criminals?
If not, why not?
Again, why I, a member chooses to post an opinion of a present or past public figure isn't topic of the ntgl/ntek board.
My opinion has always been ahigh is culpable through his actions in association with a known felon. And association during a known and documented criminal activity, accepting stock and director positions within the felons organization, during and after.
It really doesn't matter why ahigh chose to do this. The criminal courts don't care why someone chose a less than honest path.
And when, not if, the courts start to further investigate nanotechs stock dealings, ahigh will be right there in the midst of it trying to save his own butt.
It depends on whether your statements rise to the level of expressing fact vs. opinion. Also, just because someone is listed on a SOS website doesn't mean they're a public figure. Under that definition, I'm also a public figure, as is every single person who has a business license anywhere.Quote: sammydvLast time I looked, stating an opinion of the activity of a public figure on a open internet forum chat board, and BTW ahigh is still listed on the SOS ntgl defaulted inc. page, isn't illegal or an actionable offense.
What actions did Ahigh take, other than making a pinball game and a Pac-Man knockoff? Those aren't criminal acts. What is the basis for your opinion? You can't be suggesting that someone who merely works for a criminal is necessarily guilty of something, otherwise you'd be accusing all 20,000 former Enron employees of accounting fraud.Quote:My opinion has always been ahigh is culpable through his actions in association with a known felon. And association during a known and documented criminal activity, accepting stock and director positions within the felons organization, during and after.
Are you stating for a fact that Ahigh is a financial criminal? If yes, what is your evidence?
Quote: sammydvI don't agree. Ahigh is not innocent at all in my opinion. And I believe he should answer for some argumentatively connected transgressions.
So then, by your logic if he is not "innocent," then I suppose he must be "guilty?"
"Guilty" of...what, exactly?
Please state the specific details / alleged actions of Aaron pertaining to the "argumentatively connected transgressions" which you accuse him of participating in, which (you imply) could be deemed criminal / fraudulent / actionable.
Has he ever been sued / named as a party in any of the suits which may have been filed against NTEK, that you are aware of?
I am only aware of this lawsuit ; please provide links to any other litigation you are aware of, either existing or pending.
To summarize: what, specifically, do you claim he did that is criminally and/or civilly actionable?
Quote: MathExtremistIt depends on whether your statements rise to the level of expressing fact vs. opinion. Also, just because someone is listed on a SOS website doesn't mean they're a public figure. Under that definition, I'm also a public figure, as is every single person who has a business license anywhere.
What actions did Ahigh take, other than making a pinball game and a Pac-Man knockoff? Those aren't criminal acts. What is the basis for your opinion? You can't be suggesting that someone who merely works for a criminal is necessarily guilty of something, otherwise you'd be accusing all 20,000 former Enron employees of accounting fraud.
Are you stating for a fact that Ahigh is a financial criminal? If yes, what is your evidence?
Quote:It depends on whether your statements rise to the level of expressing fact vs. opinion.
It rises to a level of opinion, you’re the one falsely insisting a opinion is meant to be a fact. It is not.
Quote:Also, just because someone is listed on a SOS website doesn't mean they're a public figure.
It absolutely does mean they are a public figure -as in being associated with a PUBLIC company as a director or board member thus one is/or can be responsible to shareholders and public scrutiny. High was/is a director/board member/employee of public company nanotech and should be accessible as per public corporate security laws that apply when said company sells equities to the stock market.
Quote:Under that definition, I'm also a public figure, as is every single person who has a business license anywhere.
That is a general statement taken out of content here.
Quote:What actions did Ahigh take, other than making a pinball game and a Pac-Man knockoff? Those aren't criminal acts. What is the basis for your opinion? You can't be suggesting that someone who merely works for a criminal is necessarily guilty of something, otherwise you'd be accusing all 20,000 former Enron employees of accounting fraud.
Please stop with the illogical analogies, they are only confusing your theories. We’re talking about 4 or 5 people in the same office for years. Ahigh took stock, accepted positions and during ultracade scheme wrote code while dfoley was illegally selling the devices. People have been fined and jailed even though they claim they didn’t know what was going on. Because courts realize people are culpable when they know something is wrong yet continue to be associated with the wrongdoers. Ignorance is not an excuse that goes very far in courts usually.
Quote:you stating for a fact that Ahigh is a financial criminal? If yes, what is your evidence?
No, you’re stating that I’m stating things as a fact. I stated an opinion based on SEC filings, SOS filings and other sources of data that point to a person being culpable of association to a criminal enterprise. The courts will prove whether he is a criminal or not. Not I.
Did ahigh act with criminal intent? Only ahigh knows. My opinion has always been he is guilty by association - culpable, and if so, then should be fairly penalized in accordance and ratio of his involvement. A lot of things are unknown. Did ahigh turn witness? Who knows. How did he manage to stay away from the dfoley sentencing.
Ahigh may never get touched. That’s up to the SEC and DOJ in the near future. Will the ongoing lawsuits open more worms? Again, not my call.
I’m not the one who dragged this all up again. I’m content to watch what evolves out of the nanotech mess and how dfoley will operate going forward.
Quote: MrVSo then, by your logic if he is not "innocent," then I suppose he must be "guilty?"
"Guilty" of...what, exactly?
Please state the specific details / alleged actions of Aaron pertaining to the "argumentatively connected transgressions" which you accuse him of participating in, which (you imply) could be deemed criminal / fraudulent / actionable.
Has he ever been sued / named as a party in any of the suits which may have been filed against NTEK, that you are aware of?
I am only aware of this lawsuit ; please provide links to any other litigation you are aware of, either existing or pending.
To summarize: what, specifically, do you claim he did that is criminally and/or civilly actionable?
Read my reply to ME.
Quote: sammydvWhere do you see this? Is it because I don't have a twit account I don't see that twit's tweets?Quote: BozQuote: MrVDavid R. Foley tweets:
tweets
Looks like his asking for help for the "indiegogo" film isn't helping. 1% of goal raised.
Not sure getting him to endorse your product is a good idea.
He tweeted it on Jan 9th and is in his feed. Not sure if you need an account or not to see it.
Quote: MathExtremistThat's not just an opinion, that's an accusation of financial criminal activity. So I'll ask it again: have you made your case to the DA? Or the SEC? Or whoever is responsible for prosecuting financial criminals?
If not, why not?
Bad hill to end up on trying to defend this guy. And I'm talking about Foley, not Ahigh.
Was he? I know he was promoted to "president" but his career is in engineering and product development. Provide your evidence that he was ever made a "director" or "board member." Merely being associated with a public company as an employee -- regardless of one's title -- does not make you responsible for the CEO or Board's bad acts. Again, that flawed logic would implicate thousands of Enron employees simply because the board engaged in accounting fraud.Quote: sammydvIt absolutely does mean they are a public figure -as in being associated with a PUBLIC company as a director or board member thus one is/or can be responsible to shareholders and public scrutiny.
He wrote code? Coding is not a crime. Foley was indicted for and pled guilty to piracy, selling bootlegged ROMs for games written by G-Mode, Jaleco, SNK Playmore and Tecmo for use with the Ultracade platform. Are you alleging that Ahigh is an unindicted co-conspirator? Because if Ahigh wrote new games for the same Ultracade platform, then those new games weren't pirated.Quote:Please stop with the illogical analogies, they are only confusing your theories. We’re talking about 4 or 5 people in the same office for years. Ahigh took stock, accepted positions and during ultracade scheme wrote code while dfoley was illegally selling the devices. People have been fined and jailed even though they claim they didn’t know what was going on. Because courts realize people are culpable when they know something is wrong yet continue to be associated with the wrongdoers. Ignorance is not an excuse that goes very far in courts usually.
What filings do you have that actually implicate him in any wrongdoing? Post links.Quote:No, you’re stating that I’m stating things as a fact. I stated an opinion based on SEC filings, SOS filings and other sources of data that point to a person being culpable of association to a criminal enterprise.
I'm not trying to defend Foley -- he admitted to being a software pirate and profiting from ripping off others' IP. I'm an IP owner myself and I'm no fan of willful infringement or piracy. But I have no facts that indicate Ahigh was involved in any of that or even knew about it. Foley sold a ROM burner to some guy in Connecticut and was also bootlegging out of his house. I don't know how that has anything to do with Nanotech or the Las Vegas office where Ahigh worked on the pinball or maze games.Quote: BozBad hill to end up on trying to defend this guy. And I'm talking about Foley, not Ahigh.
http://www.gamasutra.com/php-bin/news_index.php?story=24691
I have no reason or obligation to answer to you for my opinions or how I came to my conclusions.Quote: MathExtremistWas he? I know he was promoted to "president" but his career is in engineering and product development. Provide your evidence that he was ever made a "director" or "board member." Merely being associated with a public company as an employee -- regardless of one's title -- does not make you responsible for the CEO or Board's bad acts. Again, that flawed logic would implicate thousands of Enron employees simply because the board engaged in accounting fraud.
He wrote code? Coding is not a crime. Foley was indicted for and pled guilty to piracy, selling bootlegged ROMs for games written by G-Mode, Jaleco, SNK Playmore and Tecmo for use with the Ultracade platform. Are you alleging that Ahigh is an unindicted co-conspirator? Because if Ahigh wrote new games for the same Ultracade platform, then those new games weren't pirated.
What filings do you have that actually implicate him in any wrongdoing? Post links.
Here is the proof you demanded about Ahigh being everything I said he was with nanotech. Your tone and line of questioning have no bearing on me. Prove that Ahigh didn't know what was going on in a small group of people he was with every day for years. And remember he was involved way back in ultracade days. He also knew he was coding for such a device because that's part and partial in game design, what the platform will be and what it's distributed and run on. Someone with IP property probably knows this as well.
Have a nice night.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=NvfeaJ6dOrIR4K%252bzC9l2Aw%253d%253d&nt7=0
http://finance.yahoo.com/news/nanotech-gaming-announces-promotion-aaron-153400803.html
Technical Expertise and Business Skill-Set Elevate Hightower to This Senior Position
LAS VEGAS, NV / ACCESSWIRE / September 24, 2015 / NanoTech Gaming (NTGL), creators of the most compelling gaming experiences using the latest technology for land-based casino, consumer and arcade markets, is pleased to announce that VP of Gaming Technology Aaron Hightower has been promoted to President of NanoTech Gaming, effective immediately.
First of all I would like to compliment Aaron on his diligent performance working on all aspects of NanoTech Gaming, stated Alan Stone, chairman and CEO of NanoTech Gaming. His technical experience and high-energy approach to the business development side makes him highly qualified to take on his new position as President of NanoTech Gaming.
Hightower has been involved with NanoTech Gaming for nearly 2 years as its VP of Gaming Technology. He has multiple decades of experience with all aspects of game creation on a breadth of different platforms and development environments.
Seems the walls are closing in on them. At least 2 active lawsuits are publicly active. Ntgl is totally shut down and in default with their Nevada business license and will be revoked any day now. Ntek's long time attorneys just filed to remove themselves from all services and are demanding their fees paid NOW. This means ntek hasn't paid anyone. Ntek has lied publicly they were making all their payments. All legit content from paramount has been removed. Ultraflix is failing on more and more platforms and has no new content in years.
Made a false statement about a partnership with a company called illunati productions??, but nothing again heard about it. Partnership with another shady no income scam called swig, which hasn't produced any income in years except stock sales from a previous ticker which CEO of swig gulas merged into, around the time of 'partnering' with david foley. Yet none of this is a 8K or material disclosure anywhere.
David foley has been constantly twitting about the usual nonsense and should now be going to the mandated mental program. foley has also got a few stock promotional clowns subpoena'd and keeps hiring promo clowns to post to the Ihub and Ihang stock boards, not counting many other venues on the internet.
Long Side, one of the main litigators pursuing Ntek and dave foley have just filed with the judge to cause immediate freeze of all ntek/ntgl/foley assets and suspend selling of ntek/ntgl stock right now. If anyone was following foley, he was able to play the delay game for his earlier frauds for years, finally getting 2 years in prison. In December, 2016 foley walked out of prison, but into 3 years probation, mandatory mental health program and maybe some time in a half-way house. foley actual release date was this week 3-14-2017
Alan Stone, the fat foney ceo passed away this year and all the old names are still on the ntek nevada sos site.
That's basically it. It's a waiting game to see nanotechs next move. Most bets are on a ntek/ntgl BK and shift everything over to swig partnership. I think that is already almost complete.
The best thing here is for the stock to get halted and revoked. But that won't stop foley, as he'll just create more free shares for himself and cronies with the swig name and then gift his scam holding company Royal Capital billions of free shares and do this shit all over again.
You've said before you don't have holdings and didn't lose money on them, but you continue making reports disparaging them beyond whatever facts you may have gathered. I don't think it's appropriate for this forum to continue to host this thread for your apparent purpose, so I'm closing it. Please don't start another.
If anyone wishes to continue using you as a source of this type of information, they can do so privately.
Quote: sammydvWhelp, thought I'd give a little update on the scam that is Ntek - nanotech entertainment...
For all that bad news, the stock keeps rising.
Market cap is currently at 3.24 million. source. If what you're saying is true, why don't they just sell some shares to keep the attorneys paid and the license fees?
Quote: WizardFor all that bad news, the stock keeps rising.
Market cap is currently at 3.24 million. source. If what you're saying is true, why don't they just sell some shares to keep the attorneys paid and the license fees?
Well, ok, Mike. If you want to continue this conversation, I'll reopen the thread.
Quote: beachbumbabsQuote: WizardFor all that bad news, the stock keeps rising.
Market cap is currently at 3.24 million. source. If what you're saying is true, why don't they just sell some shares to keep the attorneys paid and the license fees?
Well, ok, Mike. If you want to continue this conversation, I'll reopen the thread.
I believe there is value in the thread as long as no rules are broken regarding insults of members. Being a semi gambling stock and seeing that most penny stocks are gambles anyway it should have a home here. The lesson to be learned is how manipulated most of the trades with these type stocks are. Good call Babs.
There isn't a forum on the internet that would censor my discussing an actual owner of nanotech, using court documents. foley is the owner of the business, an ex-con who is still misleading shareholders and tweeting constantly about it.
I also don't know if in fact foley is a member here, so I wouldn't know that when posting about him.
Respectfully, I think it's ludicrous of a forum to protect a active officer of a suspected scam by closing it, claiming I'm insulting members.
Thank you.
Mike, as I explained before, a market cap is only a simple indicator of the present speculated value of a company based on stock outstanding and the present stock price.Quote: WizardFor all that bad news, the stock keeps rising.
Market cap is currently at 3.24 million. source. If what you're saying is true, why don't they just sell some shares to keep the attorneys paid and the license fees?
In ntek's case, there are billions of stock outstanding and it equates to a false measurement of value.
Do you really think a small company that closed all their shops, fired everyone and has been declared a debtor being sued by numerous companies not paid what is due, PLUS this weeks court filing to demand immediate payments, a court appointed asset and bankruptcy mediator (from a previous court document) AND immediate freeze of all assets and STOP the selling of shares, because the prosecution states foley is bleeding the market and shareholders by selling shares that he and family members got for free in the last few years? ntek had all Paramount content removed from their only product, the ultraflix media streaming app for non payment?
Market cap on a pink sheet company with billions of shares outstanding is actually meaningless. The more shares outstanding and issued with no intrinsic value by a company, the more meaningless market cap becomes.
Hope this helped.
Quote: beachbumbabsWell, ok, Mike. If you want to continue this conversation, I'll reopen the thread.
I didn't know it was closed. You're welcome to PM me about it.
I think it's still open at this time.Quote: WizardI didn't know it was closed. You're welcome to PM me about it.
And your question about selling shares to pay for corporate functions is called 'dilution' in nteks case, as the courts have shown, no money is being paid out for quite some time. So foley and family selling shares into the market, using stock awareness promotions and other media venues seems to not be going to the company in any verifiable way.
Also, filing financial information to the OTCM, which ntek is a pink sheet is also deceptively meaningless.
OTCM is a non regulated private company that charges penny stock companies to advertise their stock on the OTCM website. OTCM is not government regulated and not an exchange. OTCM follows no official rules or vets any companies information. The SEC - Securities and Exchange Commission, a government regulation agency policing the stock market, does NOT recognize any tier or single part of the private company OTCM as a legit source of corporate financial information.
Take care.
DAVID Foley is? WOW, how did I miss that? I will have to research some of his posts and re-read them.Quote: beachbumbabsThere are probably some facts in here, unsourced, but they seem to be surrounded by speculation and innuendo. The post as a whole is spiteful and judgemental, and possibly in violation of forum rules forbidding posting simply to attack other members (Foley and Ahigh are both members).
You've said before you don't have holdings and didn't lose money on them, but you continue making reports disparaging them beyond whatever facts you may have gathered. I don't think it's appropriate for this forum to continue to host this thread for your apparent purpose, so I'm closing it. Please don't start another.
If anyone wishes to continue using you as a source of this type of information, they can do so privately.
At one time I was skeptical of Sammy and his intentions, but I now believe he and this thread are valid and valuable to have around.
ZCore13
Quote: Zcore13There is no doubt what Sammy says is true. Foley is a convicted felon and continues his scams to this day. His original business was theft of other people's hard work and business. His current one is just fraud at this point. He employed a member here at both companies. He could offer me $1,000,000 a year to work for him and I wouldn't take it.
ZCore13
I would do just about anything for a million
Thanks, but I see no evidence of david foley being a member. Perhaps the mod was mistaken.Quote: AxelWolfDAVID Foley is? WOW, how did I miss that? I will have to research some of his posts and re-read them.
At one time I was skeptical of Sammy and his intentions, but I now believe he and this thread are valid and valuable to have around.
Are you sure I'm a he? lol
Quote: AxelWolfDAVID Foley is? WOW, how did I miss that? I will have to research some of his posts and re-read them.
...
I was mistaken about David Foley. He may be a member and I don't know it, but I was thinking about the guy Ahigh introduced as his boss back in 2014-15, when they were building and exhibiting their skilled gaming console. His name is Steven Riesenberger, and he was the Creative Director at nanotech. You will find his stuff under stv2049 and sriesenberger if you're interested.
Thank you Babs. Although I know you weren't addressing me. foley was active on other forums, but pretty sure he wasn't here. Yes, Stv2049 was ahighs boss for a minute. That became a mess and bad memories for ahigh who's still suffering foleys criminal ways.Quote: beachbumbabsI was mistaken about David Foley. He may be a member and I don't know it, but I was thinking about the guy Ahigh introduced as his boss back in 2014-15, when they were building and exhibiting their skilled gaming console. His name is Steven Riesenberger, and he was the Creative Director at nanotech. You will find his stuff under stv2049 and sriesenberger if you're interested.
If you have the time and are bored, take a moment and do a search "pink sheet scams' and check out other forum links and not only would you get a more rounded education about pink sheets, but you will be almost guaranteed to see foleys name in the first 3 pages or so of returns.
In the penny stock trading world, there's the pump and dump promoters doing 'awareness campaigns' on the internet and forum boards where they don't have to prove anything at all about what they publish and the 'bashers', people who speak out against the proposed scam company are demanded by promoters to have all sorts of proof and must publish that. Quite interesting actually.
Basically a company will pay a outside group to publicize informational blitzes to the trading public, which the aim is to raise the interest in the company and hopefully raise a stock price a few hundreds of a cent. We are talking about 'penny' stock which trades at pennies or actual subpennies like .0005 per share.
All a company needs is a raise in stock price from .0001 to .0004 for example to sell their stock into the market, which in most cases, the company officers actually issued free stock to themselves and family and other insiders like what NTEK has done. Ntek foley issued himself over 3 BILLION shares so far. You can do that when you own the company and it's a public company with stock. ANY price movement will make the owners money.
Have a safe Sunday and week.
Here's a very informative article/blog about a spambot organization switching over to awareness campaign for a sub penny stock. This penny stock company in the article is a known scam with a successfully sued owner who is not supposed to run any more companies or be a officer of one is behind the curtain pulling strings as well. The mentioned company has no assets, no known income nor an actual office other than a post box mail drop or virtual office. The spambot is purportedly the biggest criminal spam producer in the world. I just got this link today from a another malware screening site. This spambot company is nasty.Quote: beachbumbabsI was mistaken about David Foley. He may be a member and I don't know it, but I was thinking about the guy Ahigh introduced as his boss back in 2014-15, when they were building and exhibiting their skilled gaming console. His name is Steven Riesenberger, and he was the Creative Director at nanotech. You will find his stuff under stv2049 and sriesenberger if you're interested.
Any penny company will take advantage of this technique for sure.
http://blog.talosintelligence.com/2017/03/necurs-diversifies.html
dfoley and ntek are days away from more court action.
When I can link to court documents I'll post updates.
gl.
Quote: WizardFor all that bad news, the stock keeps rising.
Market cap is currently at 3.24 million. source. If what you're saying is true, why don't they just sell some shares to keep the attorneys paid and the license fees?
Market cap for a billion share pink sheet company is all a facade. And the ntek gamble is a losing bet.
There are at least 2 concluding active lawsuits against Ntek/nanotech entertainment and the owner/founder are now days away from possible BK or closing down the business. Ntek has recently had a press release claiming a partnership/merge arrangement with a no income shell called Swig Media. It's possible that the owners of ntek are trying to shift assets into another vehicle so as to not have anything worth garnishing with NTEK. This has been done many times in the pinks. Most of the times, not successfully so. The owner/founder has allegedly made 100's of thousands up to millions from selling his free Ntek shares into the P&D's and supposedly can afford to pay everything off if true. Read from the bottom to present to get a chronological perspective of these lawsuits.
The other lawsuit of note K2, is simultaneously filing their own garnishments against Ntek, which isn't publicly available yet. There are likely more. Least anyone objects, my links are open public web sites anyone can visit. Some cost a small fee. Publishing these links are completely within my legal rights.
The Long Side case against NTEK can be tracked via the Broward County Clerk of Courts website: Broward County Case Number: CACE13003103
The K2 cast against NTEK can be tracked via The Superior Court of California, County of Los Angeles website: LA County Case Number: BC600877
******************Again try to read up from the bottom for recent order of events.
The motion to garnish is now official
http://s28.postimg.org/i9g0g0ll9/garnish.jpg
Court orders sheriff to garnish ntek Transfer Agent
http://s17.postimg.org/eqyefxuhr/ggg.jpg
NTEK has now been ordered by the Circuit Court judge to produce all requested discovery and financial documentation within 20 days.
http://s23.postimg.org/4gzhbzeyj/granted.jpg
Enforcement creditor Long Side Ventures filed a motion with the court compelling enforcement debtor NTEK to submit all the disclosures required by law and also accuses ntek and the owner/founder of 'bleeding the market' by trading shares through shell companies and members of the owners family. And also filed a motion compelling the court to immediately freeze all NTEK assets and suspending trading of NTEK stock.
http://s9.pixxxels.org/ofouqp1i7/image.jpg
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http://s24.pixxxels.org/del5sokv9/image.jpg
Long time attorney's file to withdrawal as NTEK counsel.
http://s28.pixxxels.org/h01dzb0vh/image.jpg
Even companies who owe monies to Ntek are getting subpoenas including P&D crews or otherwise known as 'public awareness campaign' promoters just got served.
http://s11.postimg.org/dswjbr0pf/image2.jpg
http://s16.postimg.org/hsldg0ret/image1.jpg
Long Side's attorneys are now requesting all stock agreements recently made by NTEK with Janice Degin and Mike Steele
http://s1.pixxxels.org/hq4kmi1yn/ntek1.jpg
http://s7.pixxxels.org/k5hy68n0r/ntke2.jpg
Long side files judgement creditors interrogatories of enforcement debtor ntek.
http://s27.postimg.org/ta38s40mb/ntek1a.jpg
http://s28.postimg.org/9h34zdegt/ntek1.jpg
http://s24.postimg.org/z7pq20p05/ntek2.jpg
http://s28.postimg.org/gqmq7th4d/ntek3.jpg
http://s23.postimg.org/4qfvxk5dn/ntek4.jpg
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http://s24.postimg.org/h1cnxxwo5/NTEK8.jpg
http://s24.postimg.org/h1cnxxwo5/NTEK8.jpg
Final judgement in combined Long Side and R&T sports marketing.
http://s27.pixxxels.org/y5euwrvjn/order1.jpg
http://s28.pixxxels.org/t2ly46lxp/order2.jpg
http://s23.pixxxels.org/r5xg0f9sr/order3.jpg
Everyone says that, but nobody would ever do those things for a million, probably much less or not at all.Quote: GWAEI would do just about anything for a million
Quote: MrVThe court is in Florida; what is that state's connection to NTEK?
Isn't Florida the state where rich scoundrels go because the courts are soft on them?
Quote:I've been hearing the fat lady is clearing her throat for over a year now. If things are as bad as you say, why is the stock trading as high as it is?
There was a 25.1 to 1 reverse-split. Adjusted for the split the stock price has fallen to .0011. Bouncing between .0007 and .0011 but without enough legitimate volume for anyone to sell any meaningful amount at the high end so it can't be flipped. It's fallen steadily since the split.
When insiders of a pump-and-dump scam control large amounts of stock they can make the price do just about anything they want. It's called wash-trading. Again, the problem comes when someone retail tries to sell.
Now that the creditor has sent a garnishment order to the transfer agent for all of the company's stock it's going to collapse into oblivion.
Anyone who says they can time these swings to make money is no better than your average dice-setter. You of all people should know better than to fall into that trap. The house edge is 100% when the insiders are the house.
Quote: WizardIsn't Florida the state where rich scoundrels go because the courts are soft on them?
Every rich person I've met on the east coast banks/incorporated in Delaware.
I'm not sure why, the only reason I've ever heard was that the courts are very fast with business/financial civil suits.
Quote:Isn't Florida the state where rich scoundrels go because the courts are soft on them?
In Florida there is no personal state income tax and you can't lose your house in bankruptcy.
Quote: gamerfreakEvery rich person I've met on the east coast banks/incorporated in Delaware.
I'm not sure why, the only reason I've ever heard was that the courts are very fast with business/financial civil suits.
I believe there is also no corporate tax or something in Delaware
Because the SEC and Finra take their time.Quote: WizardI've been hearing the fat lady is clearing her throat for over a year now. If things are as bad as you say, why is the stock trading as high as it is?
We are not talking about stock trading on a real exchange and companies who disclose their financial information to government regulated agencies for public consumption.
Look on the OTCM website and with a little surfing around, you would find hundreds of pink stock still trading with companies that have shut down. They're called zombie tickers. That's what the revoke mechanism SEC and Finra uses to stop zombie tickers from trading and being shell hijacked by unscrupulous people just to sell stock they gave to themselves by starting a facade company.
You need to suspend your conditioned thinking about real companies and how they operate in the real world. Pink sheet stock companies are not on the same plane.
Great post. Thing is it's the owner and insiders who get the court papers served and notices from government agencies, so they're seeing the down cards first and are already figuring out their next hand before any one else knows whats going to happen. That's why it's so hard to catch the P&D's these days because it's the owners and promoters themselves setting the pump dates and frontloading well before the do the promotions. By the time it hits the public, they are the ones selling the stock to you for huge profits. And they frontload bit by bit to not tip their hand. The companies are the dealers and they know all the cards.Quote: SkepticQuote:I've been hearing the fat lady is clearing her throat for over a year now. If things are as bad as you say, why is the stock trading as high as it is?
There was a 25.1 to 1 reverse-split. Adjusted for the split the stock price has fallen to .0011. Bouncing between .0007 and .0011 but without enough legitimate volume for anyone to sell any meaningful amount at the high end so it can't be flipped. It's fallen steadily since the split.
When insiders of a pump-and-dump scam control large amounts of stock they can make the price do just about anything they want. It's called wash-trading. Again, the problem comes when someone retail tries to sell.
Now that the creditor has sent a garnishment order to the transfer agent for all of the company's stock it's going to collapse into oblivion.
Anyone who says they can time these swings to make money is no better than your average dice-setter. You of all people should know better than to fall into that trap. The house edge is 100% when the insiders are the house.
