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sammydv
sammydv
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September 13th, 2016 at 6:57:05 PM permalink
Word on the internet that ntek is now seriously in deep trouble with K2 communications filing a very recent judgement appeal which the judge has set a very fast date at the end of the month of September.
In cases like these, the court can set mandatory bankruptcy proceedings in an attempt to recover the mandated agreement amounts. Nanotech would have no legal recourse but to follow the judgement and liquidate everything to comply.

David Foley has a history of using bankruptcy's to get out of his mistakes and scams. It's entirely possible foley is allowing this to happen so he can start fresh when he gets out of prison next year. Or so he thinks. Criminal minds aren't all that predictable sometimes.

Ntgl is now a bona-fied zombie company ticker soon to be dropped to the greys.

This ntgl/ntek board may become very lonely and un-needed as soon as Halloween.

gl
Wizard
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Wizard
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September 13th, 2016 at 7:02:24 PM permalink
Quote: sammydv

Ntgl is now a bona-fied zombie company ticker soon to be dropped to the greys.



Stock price is at 3 cents. I know some people hate it when I quote this, but the "market cap" is at 2.11 million.
It's not whether you win or lose; it's whether or not you had a good bet.
MrV
MrV
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September 13th, 2016 at 7:32:53 PM permalink
To clarify: NTEK closed at three cents, not NTGL.
"What, me worry?"
sammydv
sammydv
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September 13th, 2016 at 8:02:10 PM permalink
Nanotech Entertainme (NTEK)
0.0319 ▼ -0.008 (-20.05%)

Nanotech Gaming, Inc (NTGL)
0.0036 ◊ 0.0 (0.00%)
Volume: 20,000 @ 10:50:35 AM ET

Wiz, whatever you feel the importance of MC with a penny stock is, is entirely up to you.

Ntgl has no existence at all. No business license in the state they were going to sell a product in.
How does one quantify a market value for a non entity?

Ntek isn't much better having no verifiable assets recorded with any official governing body to verify ntek's claims.

MC as a indicator for a penny stock that exists almost solely on the internet stock tout sites and Press release's used as public consumption is very risky. Given that said company almost always creates (issues) stock from it's treasury from thin air with a self appointed 'value' with no intrinsic, real property as backing. The math of MC is pretty cut and dried, it's the fundamentals of the actual companies themselves that wreck the facade of MC of penny companies. MC probably only makes some sense with real companies with real property and income that can be dependently tracked. Not a start up company issuing 20 billion shares from the get go.

gl.
Wizard
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Wizard
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September 13th, 2016 at 8:45:27 PM permalink
Quote: sammydv

Wiz, whatever you feel the importance of MC with a penny stock is, is entirely up to you..



If the company is that worthless, who is buying it at around 3 cents? If you say it is insiders trading to each other, aren't there sellers with put options at lower prices that should take priority? Where are all the people holding stock crying out, "please buy my shares at one cent!"
It's not whether you win or lose; it's whether or not you had a good bet.
sammydv
sammydv
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September 13th, 2016 at 9:20:11 PM permalink
Quote: Wizard

If the company is that worthless, who is buying it at around 3 cents? If you say it is insiders trading to each other, aren't there sellers with put options at lower prices that should take priority? Where are all the people holding stock crying out, "please buy my shares at one cent!"



That's logical thinking, but unfortunately, ntek and ntgl do not have 'option trains' available. Most if not all penny stock has no option available. If that is what you meant by put option.

http://www.nasdaq.com/symbol/ntek/option-chain
Wizard
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Wizard
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September 13th, 2016 at 9:27:10 PM permalink
Quote: sammydv

That's logical thinking, but unfortunately, ntek and ntgl do not have 'option trains' available. Most if not all penny stock has no option available. If that is what you meant by put option.

http://www.nasdaq.com/symbol/ntek/option-chain



Thank you for trying to help me with this. So, when there is a stock trade of NTEK, how to the buyer and seller find each other?
It's not whether you win or lose; it's whether or not you had a good bet.
AxelWolf
AxelWolf
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September 13th, 2016 at 9:38:57 PM permalink
Buy low sell high.
♪♪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♪♪
sammydv
sammydv
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September 13th, 2016 at 10:17:34 PM permalink
Your welcome, but I'm no pro, but I'll try some basics.
Interestingly and convenient at this time, your inexperience and confusion are exactly what we call stock touts/pumpers target audience. They prey on lack of knowledge people and never give you enough hard evidence to prove them wrong themselves.

Anyhow, the OTCM is a listing service for stocks that are not on real stock exchanges with SEC financial requirements. The OTCM-Pink sheets is a pay for listing service to track penny stocks. There are stock brokerages who also operate as Market Makers, brokers who facilitate buys and sells of corporate stock that are not exchange qualified. Again, I'm not a pro, so I may be off a bit and I hope anyone more knowledgeable than I would feel free and step in to correct stuff. In the scheme of things pink sheet, there are TA's or Transfer agents who are liaisons between the corporate's and the brokers and who keep track of the companies stock issuance and basically do what the companies want them to do.

Normally, I believe non filers aren't allowed option trading, or brokers just refuse to option train in penny or sub penny stock. It has a lot to do with risk factors and such as to why penny stock usually don't get options.

So, you put in a buy or sell order at market price and your broker will make the trade as fast as possible at the current price. And yes, you can put in a put or call trade I believe, but most if not all brokerage have rules on penny stock and dealing in 4 decimal place prices. Scottrade won't let me set a sell price further away than say .005 of a penny on an equity trading at .0001. My broker won't even let me post that. I may only be able to place a limit sell like at .0009 or something. Funny thing is, I can buy at any price I want practically.

You place the trade, your broker, if he's not a MM will have a system to communicate with a MM or all MM's, who will have the the stock you want to buy in their account. MM's could sell you stock from their broker account or get the stock from another MM. A marker makers function is in their name. A market maker makes a market in non exchange equities. The grey market is another non exchange that allows publicity of stressed equities.

Hope this helps somehow. A last thing for now though, shorting stock is legal in any market or pink sheets.
The Market Makers sometimes have to short stock to do the trade, but almost every time the trade is covered in less than 3 days, sometimes in seconds. Everything is electronically recorded and it is virtually impossible to have 'naked short' in existence longer than a couple days without anyone knowing. The people claiming zillions of air shares exist and no one has to cover are almost always stock pumpers who want you to buy their shares.
sammydv
sammydv
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September 13th, 2016 at 10:18:14 PM permalink
Quote:

AxelWolf
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September 14th, 2016 at 2:38:57 AM
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Buy low sell high.





lol - No chit?

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