NTEK / NTGL

Quote: gamerfreak

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.

Incorporation fees and filing regulations are very lenient in Delaware and Neveda which also goes easy on no income shells incorporating there.

Quote:

The other lawsuit of note K2, is simultaneously filing their own garnishments against Ntek, which isn't publicly available yet. There are likely more.

The other known lawsuit K2 against Ntek and foley and 10 more Does just went public.
Link:
https://www.scribd.com/document/344902518/K2-Filing

interesting.. the stock was $0.02 last week.
its .06 now.

buying 100k shares last week for $2k is now $6k if sold.

Cool. Now my original 40,000 shares is worth $120. Oops, cancel that. Stock is back down to $0.04. It only has to go up to $0.40 a share for me to break even. lol


ZCore13

Quote: 100xOdds

interesting.. the stock was $0.02 last week.
its .06 now.

buying 100k shares last week for $2k is now $6k if sold.

Yes and that's how one makes money in penny stocks and always looks good to fresh buyers.
But that is why most original shareholders hate pumpers because most of the pumpers aren't original stuck shareholders or the pumpers are unloading with each pumped lie they make. It's a cold world out there in the pinks.

Quote: Zcore13

Cool. Now my original 40,000 shares is worth $120. Oops, cancel that. Stock is back down to $0.04. It only has to go up to $0.40 a share for me to break even. lol


ZCore13

From what I can gather, Ntek has a court date this coming Tuesday to overturn all accounting and corporate operation records and stock holdings into the court. I don't know what other delay tactics can be done with Nanotech at this point.

But rest assured, Nanotech will attempt more delays. It took almost 4 years to put the owner behind bars for fraud from years ago and most of the delays were from the defense game playing.

Will know more by Wednesday. I'd suggest anyone still having stock in NTEK to seriously unload it if possible.

Quote: sammydv

I'd suggest anyone still having stock in NTEK to seriously unload it if possible.

After the split and subsequent additional dive, my stock is worthless now. I guess I could eat out for dinner one night with my kids.


ZCore13

I'm one of the lucky ones, as I unloaded mine awhile back and made a small profit.

Pretty sure nanotech didn't show up on Tuesday and there's another court filing by long side asking the judge to stop trading in ntek stock. The judge can make this happen. That hearing looks to be first week in may.
However, nanotech can file for BK before then.

I think something concrete in ntek's future may well happen next week.
It doesn't look good for ntek. If nanotech had given the stock to long side, or paid them some earnest money, then the courts would have shown that by today and long side wouldn't be asking for a trading halt of ntek yesterday. All indications appear to be nanotech and company have completely ignored all court demands.

Also it should be noted that foley's most recent home was foreclosed on. Why? Why ignore the courts? Why let your house be foreclosed on?

Quote: sammydv

.

Also it should be noted that foley's most recent home was foreclosed on. Why? Why ignore the courts? Why let your house be foreclosed on?

To pretend like you don't have any money comma even though it is all hidden somewhere else.

ZCore13

Quote: Zcore13

To pretend like you don't have any money comma even though it is all hidden somewhere else.

ZCore13

It's hiding in plain sight within the offshore Royal Capital, the fake holding company dfoley and family set up and gave themselves billions of free ntek shares to sell for the last two years. Common practice amongst no income phony shell companies. They do make big money selling (pump and dumping) shares to the market and need a tax sheltered account to hide that income.
Hopefully next week may be some real concrete documented events. Due to dfoley's past record for BK's and walking away from companies, I expect no different with ntek and ntgl. There's a high probability that dfoley will let both ntek and ntgl go dormant and be zombie stocks that fade away or get revoked by finra after no trading or going to the greys. The only known, er, product ultraflix, the cheap phone app can easily be pumped on swig.

It has been shown unquestionably on the internet and through SEC litigations that dfoley is a true serial liar and has no qualms about continuing his actions. dfoley himself blogged to the very day the FOP published his prison time that he was not guilty and was never going to prison and had won all court cases.

That's beyond bravado.

K2 court info. Not my research, but informative none the less. This is the other known active lawsuit pending against ntek. I expect ntek will ignore this as well.

COURT FINALIZES RULINGS AGAINST NTEK IN K2 CASE

As Enforcement Debtor, NTEK has been ordered to respond without objection or assertion of privilege to K2's post-judgement request for documents by tomorrow, May 5.

NTEK has been further ordered to respond without objection or assertion of privilege to K2's post-judgement request for interrogatories by tomorrow, May 5.

NTEK has also been ordered to pay sanction fines for both violations on or before tomorrow, May 5.


Full notice of ruling here:

https://www.scribd.com/document/347357535/K2-Ruling

Quote: sammydv

K2 court info. Not my research, but informative none the less. This is the other known active lawsuit pending against ntek. I expect ntek will ignore this as well.

Yeah, looks like post-judgment, judgment-debtor issues.

The only thing people here really seem to care about is Ahigh's potential exposure; what are your thoughts on that?

Quote: MrV

Yeah, looks like post-judgment, judgment-debtor issues.

The only thing people here really seem to care about is Ahigh's potential exposure; what are your thoughts on that?

Sorry. I'm not allowed to post my thoughts on ahigh.
But I'll let my links to any court documents or lawsuits with his name on them do the talking.

Quote: Zcore13

After the split and subsequent additional dive, my stock is worthless now. I guess I could eat out for dinner one night with my kids.


ZCore13

NTGL revoked by Nevada SOS = No business license.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=NvfeaJ6dOrIR4K%252bzC9l2Aw%253d%253d&nt7=0

ntgl is now a true zombie stock with no company, no offices, no officers and no business license to operate anywhere and 10's of millions of stock to be sold by the nanotech insiders and officers to the very last second until the ticker gets revoked as well.

Quote: sammydv

NTGL revoked by Nevada SOS = No business license.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=NvfeaJ6dOrIR4K%252bzC9l2Aw%253d%253d&nt7=0

ntgl is now a true zombie stock with no company, no offices, no officers and no business license to operate anywhere and 10's of millions of stock to be sold by the nanotech insiders and officers to the very last second until the ticker gets revoked as well.

I know nothing about stocks so I have a question. This is lnt necessarily about n tech but general question.

If I were to buy 1k worth of stock right now (not that I would) where does my money go? Does ntek get a check or am I basically buying someone else's stock that is trying to sell it? If that is the case, is there ever a time where no one had a sell order out and you cant buy it?

If the company doesn't get the money then how do companies even benefit from stock other than when they originally sold it? My understanding is company has x amount of stock. They sell it all and then price goes up and down. What is their end game? Wait till it gets x + y and sell company or maybe issue new stock at the new value?

Eta: ok quick google search tells me company has IPO and makes money. They have nothing to do with secondary market. Raising prices help them when it comes to finance and future sale of company. However top level employees usually own a significant part of the shares so they personally care what happens to the price and always have that option to sell and make a killing.

Quote: GWAE

I know nothing about stocks so I have a question. This is lnt necessarily about n tech but general question.

If I were to buy 1k worth of stock right now (not that I would) where does my money go? Does ntek get a check or am I basically buying someone else's stock that is trying to sell it? If that is the case, is there ever a time where no one had a sell order out and you cant buy it?

If the company doesn't get the money then how do companies even benefit from stock other than when they originally sold it? My understanding is company has x amount of stock. They sell it all and then price goes up and down. What is their end game? Wait till it gets x + y and sell company or maybe issue new stock at the new value?

Eta: ok quick google search tells me company has IPO and makes money. They have nothing to do with secondary market. Raising prices help them when it comes to finance and future sale of company. However top level employees usually own a significant part of the shares so they personally care what happens to the price and always have that option to sell and make a killing.

Your $1000 goes to the present owner of the stock that is selling it to you.
Yes, there might be a time where there is no sell order so you can't buy it.
Companies (original owners) benefit when the stock initially goes public (IPO). The insiders get all the money raised, because at that time you are buying the stock from the original owners.

Oops.... didn't see your edit where you already found out....

I clicked "calculate reinstatement fees" and it was only $2,250. Given that the market cap is in the millions, this would seem like a small inconvenience.

Wizard. There is no ntgl company. Just left over stock that is mostly held in the ntgls insiders accounts.
All of it is available to trade.
And again, there's no such thing as a legit market cap for a sub penny stock, let alone one that has no business license. Don't make the logical mistake many make thinking market cap for a penny stock means the same as a real income producing company of a real stock exchange.

A market cap is just a indicator created years ago by chartists and stock promoters and the financial reporting world at large, even on the top exchanges, that is only used as a quick reference guide to get a unsubstantiated idea of a companies value. MC is never used in actual transactions or instruments. MC is only an instant vague glance at companies based on the stock price at the immediate time, how much is in the market and price.

You can't even go to the bank asking for a million dollar loan and showing them you have a small company with a market cap of 50 million. (Because you issued yourself 500 million shares and gave the shares a made up value of .01 or something when incorporating and registering your new stock with Finra and SEC.) When the bank asks what do you have to show for so much so called value, you say, "well, I have this here mail drop virtual office at the UPS store and a storage garage at StorageareUS where I keep my desk and chairs."

At this point the bank guard is called over to escort you out of the bank.

In ntgls case, there's no company, no personal, no office, no business license and no substantiated proof of income. Nothing. Using MC for penny stock is an inappropriate and dangerous indicator and is ONLY used by penny stock promoters to sell stock to the uniformed in the pink stock arena.

The market cap thrown around by the real exchanges has more weight, but is still not used in actual transactions. Even with large corporations on real exchanges, when all the real financial research is done using actual income, taxes, inventory and everything that's documentable and liquidated every single morsel, it still won't match any creative marketcap figures and never can, partly because a lot of mc is based on the future speculation of value. Market cap is not based on a companies real property and assets and all combined tangibles, MC is based on assumed intangible value.

Late Edit: You only see market cap descriptions in the stock exchange world news like cnbc or all the other news sources. And in the major hype campaigns of IPO's like the dot com junk. We're going to have another bubble bust soon because of false market cap pressure. Market cap is usually never taken to banks or venture capitalists for actual transaction decisions.
It's too subjective versus real tangible value.

And with almost 100% of the penny stock world it would be false.
Hope this helps a little.

Quote: Wizard

I clicked "calculate reinstatement fees" and it was only $2,250. Given that the market cap is in the millions, this would seem like a small inconvenience.

Not if you don't have $2250 in business assets. But knowing Foley, he already has the next venture in the planning stages and needs any available cash to start that scam, sorry I mean "company".

deleted

Quote: GWAE

I know nothing about stocks so I have a question. This is lnt necessarily about n tech but general question.

If I were to buy 1k worth of stock right now (not that I would) where does my money go? Does ntek get a check or am I basically buying someone else's stock that is trying to sell it? If that is the case, is there ever a time where no one had a sell order out and you cant buy it?

If the company doesn't get the money then how do companies even benefit from stock other than when they originally sold it? My understanding is company has x amount of stock. They sell it all and then price goes up and down. What is their end game? Wait till it gets x + y and sell company or maybe issue new stock at the new value?

Eta: ok quick google search tells me company has IPO and makes money. They have nothing to do with secondary market. Raising prices help them when it comes to finance and future sale of company. However top level employees usually own a significant part of the shares so they personally care what happens to the price and always have that option to sell and make a killing.

Okay, I'm going to try showing a model of penny stock creation. I may not have all the right exact ways or agencies, but you'll get the drift. Also Im not a financial professional so take my stuff with a grain of salt.

Three brothers, Larry, Moe and curly boogie inherited old widget factory from their Father.
It's a barely operating DBA, pulls in about 70 grand a year before costs and salaries.(but it was enough for Dad.) and they only supply in their own state within driving distance. The four of them were the only employees. They tried to float some loans at regular banks but the business wasn't strong enough to qualify.

Now Larry watches cnbc and tells the guys, "hey, we can make some good money and support our company if we sell stock!" Great idea the other brothers said.

So they went to their state SOS, filed and paid fees to incorporate as Boogie Brothers Widgets.

Larry, the smart one, because he had the only TV, made himself Chairmen of the board, director and Chief financial officer. Moe and Curly were happy as President and director and Vice president and director. They named Dad as a director of the company as well in remembrance.

Larry the new CFO, then goes and files with the SEC to register his new company stock and finra to get the new ticker which will be BOOB. And they'll start selling on the pinks because BOOB doesn't qualify in any way to get on a real exchange yet. Larry files and pays all fees and declares BOOB will have 1 billion shares officially authorized at his invented value of .001 pps, meaning the company will have a billion shares now in the treasury in which to issue periodically to officers as compensation for salary (in case no income for awhile) and to the market. Now initially, this is not a IPO, it's only going public through institutional investors in the beginning and secondary open market after. Larry is excited because he's going to issue 500,000,000 million for the start.

Are you with me so far. There is nothing unusual or insidious at this point with these guys because they hope this helps them. Boob is starting out earnestly for now. But be aware in the pinks and the internet forum advertising machine, untold number of companies are created every year totally as a scam from felon and manipulators who abuse this system.

First Larry, in the weeks while his new ticker is getting processed into the SEC and through finra, he will try and sell ALL the shares to banks for cash up front and the banks get their money back by using their stock broker accounts to sell BOOB to the stock trading market. Larry goes back to the banks who turned him down and said "look, I got 1,00,000,000 shares available and my MC is now at least 1 million. I'd like you to invest in my company with a loan for shares or buy them. They again said no. "Nothing you have adds up to 100K in value if we had to liquidate you tomorrow, sorry. We don't take risks like that".

Larry is not deterred. After much reading and research, Larry has located a few hedge fund types and some other institutional investors willing to invest in start-ups. The factory isn't a start up, but the penny market will probably label it as one. There are many ways for the financiers to structure the buys. Promissory notes, loans at percentage, outright buys..etc.
And none of the deals is good for the company.

But to get these investors to invest, Larry learns he has to 'sell' his stock for a 70% discount to the issued price to more than a few of the investors.

But before I go on, let me describe how Larry structured his new widget company. Larry, Moe and Curly split the other 500 mill as preferred restricted shares by issuing them to themselves for FREE with voting rights of 1000 votes per 1 share of ownership. so, no matter how many shares an outsider has, they will never be able to outvote the directors themselves. Larry said this would protect them from hostile takeovers and they will always keep their company. Larry neglects to tell the brothers that it doesn't protect them from themselves.
But that's another story.

Now back to the original investors (also could be called venture capitalists) who will take a risk as long as they get deep discounted shares. Larry and BOOB get money, just not as much as he was hoping. But it's better than nothing to jump start the business. Now here's where I'm possibly speculating a little more. I believe Larry, after hiring a transfer agent to handle all the stock recording and issuing per Larry's instructions official stuff, I believe Larry can issue some more shares, let's say 100,000,000 because they only sold 400,000,00 million to the financiers, via the TA to the open market, meaning the company will also sell it's own un-restricted shares direct from their treasury to the pink listing market.

Still here?

So now BOOB's stock structure looks like this I think:
1,000,000,000 authorized
500,000,000 sold possibly as promissory notes at discount preferred personal restricted outstanding
400,000,000 restricted outstanding
100,000,000 open market outstanding.

So, finally BOOB is listed with the OTCM, which is NOT an exchange and has no regulating body to vet or even read anything a company submits as financials, only charges a fee and a facade of legitimacy. Anyways, BOOB shows up as .001 and with no advertising goes to .005 after a short period. Now traders can buy BOOB based on price only and if the price stays above .005 until the restrictions come off for the investors who paid something like .00015 can sell at a great profit. So can Larry, Moe and Curly. For now everyone's happy. The description of toxic financing comes when one notices that the buyers can make money even if the price falls .0002.
These investors face little to no risks.

I think this brings us to the point of attempting to answer your question.
I am not going into what happens in the market and when promoters get involved, independently or hired by BOOB. That would take another forum board.

Hope this helps and you're still awake.
Good luck in the pennies if you jump in.

Thanks for the example. What I can't get my head around is people are trading this stock for x cents per share. If you multiply x by the number of shares, you get market cap. If this company is so worthless, why are people paying good money for tiny percentages of the company? On Shark Tank the sharks are always concerned with the valuation of the company based on the what it costs them to buy a piece. If the valuation seem too high, which is usually what they think, they either don't buy or negotiate for a lower price.

When people are buying NTEK are they not asking themselves the same question? Based on the shares I'm getting for what price, am I getting a good value? People are buying this stock based on a valuation in the millions. Why, if the company doesn't exist? I'm a believer that something is worth what you can sell it for and people are still buying NTEK. I assume these buyers are smart enough to due their due diligence on the company. Are you with me?

That was a good story. I did mostly follow it. So people will buy a worthless stock knowing it is worthless but hoping there is another sucker willing to pay more for it.

Quote: Wizard

Thanks for the example. What I can't get my head around is people are trading this stock for x cents per share. If you multiply x by the number of shares, you get market cap. If this company is so worthless, why are people paying good money for tiny percentages of the company? On Shark Tank the sharks are always concerned with the valuation of the company based on the what it costs them to buy a piece. If the valuation seem too high, which is usually what they think, they either don't buy or negotiate for a lower price.

When people are buying NTEK are they not asking themselves the same question? Based on the shares I'm getting for what price, am I getting a good value? People are buying this stock based on a valuation in the millions. Why, if the company doesn't exist? I'm a believer that something is worth what you can sell it for and people are still buying NTEK. I assume these buyers are smart enough to due their due diligence on the company. Are you with me?

Yes. I am with you. However, you haven't grasped the penny stock world yet. There is a huge difference from the concepts you are used to and the OTCM or better known as the pinks.

You are thought conditioned with real companies which are mostly legit trading on real exchanges. The OTCM is not an exchange, it's a private listing service used by stockbrokers to make a market and display stock of companies who do not qualify to list on stock exchanges where the parameters are set much higher. Parameters such as AUDITED official financial records submitted and verified and regulated by SEC and other governmental agencies who act as regulatory bodies for a fair and hopefully honest stock market.

To sell your stock on a regulated stock exchange your company must comply with financial filing requirements, including exact auditing procedures and filing forms and many other regs to show as complete transparency to the SEC and trading public as possible. Failure to do this can result in removal from the exchanges and possible civil and criminal charges if improper or fraud is discovered when the stock was selling on a regulated exchange. But note, the SEC and government agencies can and do go after non filers if they are also investigated and show signs of fraud.

The OTCM, a private internet listing service was created more or less to trade stock in non filing companies. It provides for a clearing house type of setup where market makers- basically stockbrokerages and institutions can show the tickers and offer non filer stock to the public. It's more complex of course, but basically the otcm gives the public a place to find and trade lower priced stock.

The OTCM IS NOT a government regulated or related agency. This is the important thing about this pink market. No company is held accountable for ANY financial filing to the OTCM, the otcm is not even officially recognized by the feds as a reliable source of corporate info. Anything about how legit the OTCM is comes ONLY FROM the otcm themselves.

So, if you are looking for fundamental financial information, where would you expect to find vetted and as honest as possible filings? SEC regulated company filer, or non filing dark OTCM filer?
Which source do you think has more odds of being false and misleading with submitted corporate audits?

One has to step away from real companies and real stock exchanges, clear their conditioning and then step into the swamp that is the pink sheets. Two different animals.

Quote: GWAE

That was a good story. I did mostly follow it. So people will buy a worthless stock knowing it is worthless but hoping there is another sucker willing to pay more for it.

Well, yea, that's basically it, when people buy long, or hope the price goes up. But stocks, like futures can be traded long or short.
Long = pps needs to go up. Short = pps needs to go down.

Buy long, you own the stock. Trade short and you are technically borrowing the stock at one price to close the trade at a lower price.

The worthlessness is a little more apparent in the pinks though.

More from the courts against nanotech and gulas. Total ignoring of all court hearings in the past year.

https://www.scribd.com/document/347862489/Ntek-Show-Cause-Hearing-Summons

nanotech and gulas have until May 31st. to comply with all records or pay off long side with money and stock. The delay tactics are running out.

Looks like the corporate veil hasn't been pierced.

Quote: Wizard

. I assume these buyers are smart enough to due their due diligence on the company. Are you with me?

I think the majority of people buying penny stocks are the same people buy Power ball tickets and no they don't do the research. Research is almost impossible to due on these companies because you can't believe what they tell you. As Sammy said they don't hire outside auditors to verify their claims.

Long Side submits more exhibits of proof of gulas being on board nanotech and will face court trials perhaps.
Long Side probably thinks gulas is a flight risk and is supposedly in Paris at Cannes. The exhibits also illustrate dfoleys false press releases and fraud actions. Long Side is covering all the angles.

This has been a great source of info on the ntek cases and this woman has been on top of it the whole time.
This was a long side submission today.

https://www.scribd.com/document/348159414/Gulas-Filing

Stock is up 10% today. Market cap currently at 7.28M. source

Quote: Wizard

Stock is up 10% today. Market cap currently at 7.28M. source

Hello Mike. Did you ever get a chance to read the couple of posts about market cap that I directed to you. If not, please take a moment and read them. I'm not blowing smoke out of my butt when it comes to penny stock. As I've mentioned, penny stock does not prescribe to the market cap indicators in any realistic way. It can't. If you want to use the MC as some sort of pure stock trading parameter mathmatically and aren't using MC as a real value assessment , go ahead. But try not to take MC as some sort of legit indicator of a penny stock companies actual or future worth.
Good luck.

None of these divisions exist now, or never did. It's a sham company. They existed on press releases only. 4K studios is empty and there's documentation that they moved out last august at least.

https://ntek.com/

http://www.nanotechgaming.com/
With the ticker NTGL. This doesn't exist as a going concern any more. The ntgl business license in Nevada, their last known place of business is revoked. Ask ahigh whether he goes to that office today.

Quote: sammydv

Hello Mike. Did you ever get a chance to read the couple of posts about market cap that I directed to you.

Yes, I read them. You made perfectly valid points. However, I'm a believer that at the end of the day, money speaks. People are buying thin slices of this company at prices that suggest the whole pie is worth 7.28M. If it were such a meaningless statistic for Pink stocks, I'll quit quoting it when Yahoo does.

Ntek and foley can hide and ignore the courts, but Long Side is watching their every move.

More filings today. Long Side just submitted the recent SHL to the courts as more evidence of nanotechs
'inaccuracies' of reporting operations.
Apparently gulas's name has been removed from recent pr's as well. Gulas has removed all trace of nanotech from all his bios. And it's been stated on the internet that foley very recently said that gulas was/is ceo of ultraflix. Which is real stupid as ultraflix is only a phone app and has no corporate filings or title as a company. The stock pumpers for ntek shout ntek is at cannes, but the reality is gulas is leeching off another company maybe called Lightning media filling a chair. gulas-swig nor ntek have a booth or official recognition at the cannes festival. gulas is at an off site trade show.

foley has twited a supposedly recent pic of some media poster on a outside wall with their logos, however, it can't be ascertained if the image is from cannes or not, or the date of photo.

https://www.scribd.com/document/348855474/SHL-Evidence-Exhibit-1

Quote: Wizard

I clicked "calculate reinstatement fees" and it was only $2,250. Given that the market cap is in the millions, this would seem like a small inconvenience.

Nevada waits for two years after a company becomes delinquent before revoking. If they haven't paid in two years what makes you think they will now?

Quote: Wizard

If you multiply x by the number of shares, you get market cap

That really only applies to liquid stocks, not tickers that only trade a few hundred dollars per day. As I'm typing this the price just dropped 50% on a $1 trade.

One. Dollar.

It's very dangerous buying illiquid stocks. Sure, you can buy but you're stuck if there's no one to buy them from you.

Quote: Wizard

Yes, I read them. You made perfectly valid points. However, I'm a believer that at the end of the day, money speaks. People are buying thin slices of this company at prices that suggest the whole pie is worth 7.28M. If it were such a meaningless statistic for Pink stocks, I'll quit quoting it when Yahoo does.

NTEk down now in just days, MC much lower. So, what changed with the company to cause such a great loss in MC? Value? Did NTEK just buy netflix? Did ntek just sell everything to Disney?

Absolutely nothing happened to the company to change value. It's still a scam. So what is the MC based on then? Nothing at all meaningful except a speculated made up stock price at any given moment on the market. MC with pink stocks relates to true corporate value like bowling balls and peanut butter.

Yahoo financial is meaningless as in relevant by the way.

Gulas claiming not a party? Could of sworn gulas was ceo of ntek this year.

http://www.otcmarkets.com/stock/NTEK/news/NanoTech-Entertainment-and-Swig-Media-LLC-Form-Joint-Venture?id=149188&b=y

https://www.scribd.com/document/349977350/Gulas-Claim

Thanks to Beverly from elsewhere:

COURT TO ISSUE WRIT OF BODILY ATTACHMENT

The Judge in the Long Side v. Nanotech case has ruled on the Order for Sanctions and Show Cause Hearing.


The ruling states the following:

If compliance is not met in 10 days, counsel shall submit a show cause order to issue a writ of bodily attachment for Jeffrey Foley and Ivan Gulas. However, Gulas may – during (the ten day period) this time, submit an affidavit attesting that he has and had no affiliation with Nanotech. The show cause order shall include a purge provision, to wit, full compliance and a $1,000 bond.

Court filing link:

https://www.scribd.com/document/353068358/Show-Cause-Order

NEWS: Gulas throws foley and the entire ntek organization under the bus to save his own butt. I don't think gulas is being honest either.

Link from elsewhere, credit to Beverly.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133205226

Smh - you must really live for this stuff

Quote: Wizardofnothing

Smh - you must really live for this stuff

Didn't they used to have a 'report this post' button for reporting another's reply?

I'd like to report the above post as a personal attack and have it removed please.

If admin won't remove, then I'll just make use of an ignore feature if that's available.

3 posts by me in the last 3 months isn't really living for something.
Thanks.

Wasn't meant as an insult. At all- just meaning you really stay up to date about this. I may have asked before but did you lose a lot of money with them?because this kind of stuff is more the common on penny stocks

Quote: sammydv

Didn't they used to have a 'report this post' button for reporting another's reply?

I'd like to report the above post as a personal attack and have it removed please.

The complaint is duly noted. While I acknowledge that you feeling insulted, and I would to, this doesn't cross my line based on many years of precedent. I tend need a more direct insult before I take action. You are welcome to ignore the poster. That is why the feature is there.

If another admin feels this merits a suspension, I would not disagree but speaking for myself only, I'm not throwing the penalty flag.

See above - wasn't meant as an insult just an observation that you seem very focused about a penny stock- I have years of watching penny stocks and this isn't different than a thousand others

Quote: Wizardofnothing

See above - wasn't meant as an insult just an observation that you seem very focused about a penny stock- I have years of watching penny stocks and this isn't different than a thousand others

And as most of us know, unless you are on the inside, odds are you are going to lose on penny stocks. Not that I don't think this stock was a scam, but why did anyone doing any research on it expect any different outcome? Greed is the only answer that comes to mind.

To Won:

No, It was done as an insult, I know your style. However, It's not suspension worthy, just an annoyance.
And this is the only time I'll respond to it as well. It's not worth the drama.

And to your other remark, no I did not lose with ntek. I made money on the market, just not huge.
Ntek lied and did a reverse split after saying at a 'official' shareholders meeting they will never do a r/s.

It caught me like everyone else got caught. Only I don't take large losses in penny stock because I don't INVEST in penny scams.

I trade them.
And I post to here as a service to many others who had followed the Ntek scam.
Perhaps people can take a moment and read the latest link to gulas's submission to the courts denying everything in the past year and that ntek was insolvent for a long time.

More to follow.

To Wizard:
I'm glad you're not. I only would have liked it removed, not anything beyond that.
Actually, I'd had rather just reported non publicly, but either that was taken away or never was a feature here.

I will most likely take your advice and ignore if I need to.

Thanks for your time.

To Boz:

Interesting. Are you implying that gambling is greed as well? Because penny stocks ARE a gamble.

Anyone thinking a company that doesn't publicly file financials or stays current with government regulators is a real company and an investment is going to lose a huge amount of time.

It's not greed to gamble on penny stocks.

Matter of fact my odds of making money in the stock market, even the otcm is magnitudes greater than the casino.

gl

News as per Beverly from elsewhere. Possible action today with more news tomorrow. Today was the last day for ntek to submit all information to the courts. I don't know how ntek could delay this any more.

Quote:

JUDGE GIVES NTEK FINAL ULTIMATUM

The judge overseeing Enforcement Creditor Long Side Ventures case against NTEK has entered a final ruling. Enforcement Debtor NTEK has been given five days to produce all requested documents, without redaction, to Long Side's attorneys.

If NTEK does not fully and completely comply with the order and timeframe, NTEK and all the "insiders" will be banned from any direct or indirect trading in NTEK stock and the Court shall issue a writ to bring Jeff Foley into custody.

The judge will not allow any additional appearances or arguments from NTEK. Comply or else.

The upcoming depositions of Clear Trust and Wells Fargo will continue.

As NTEK received the confidentiality agreement from Long Side's attorney's on August 9 (as referenced in the previously posted court record), all financial and related documentation is due to the courts from NTEK today.


Full ruling here:


https://www.scribd.com/document/356288563/Final-Ruling