Tough time indeed for the ostriches, but one did pop his head out of the sand and pumped anyway (NTGL in this instance):
Some real DD, as he seems to have very short sight:
He fails to mention that NTGL was in the red most of the day. It ended 12% up alright, but with just 12100 shares bought at .0324, 5 min before the bell. Not even 400 bucks worth.
Then came the after hours shares the poster refers to: two sells at below the previous day's close at .024 and .0256 (50,000 and 250,000 shares), which is more than 1/3 of yesterdays volume.
That's the complete story.
Anyway, it baffles me that NTGL, no revenue, no cash, $150k loss last reported quarter, only "intellectual property" as assets, trades at 15 times NTEK's SP, with less than 1/10 the AS of NTEK.
NTGL market value: $5.5 mln
NTEK market value: $4.2 mln
That's how much NTEK management f...ed up the SP.
Actually, the 150 mln NTGL shares NTEK owns are now worth more than the the entire NTEK OS !
How about that ?
And that's before the upcoming RS.
Now that it occurs to me, if they sell half their NTGL stake, they could buy back half the NTEK float ! LOL.
That would support our NTEK investment big time for sure.
Sorry for rubbing it in, but that's the current facts.
Oh, I forgot, it all must be the shorter's fault ...
go, go ?Quote:300,000 shares of NTGL were traded after the Bell.
Go NTGL
GO NTEK
Go: http://investorshangout.com/post/view?id=3572060
Some real DD, as he seems to have very short sight:
He fails to mention that NTGL was in the red most of the day. It ended 12% up alright, but with just 12100 shares bought at .0324, 5 min before the bell. Not even 400 bucks worth.
Then came the after hours shares the poster refers to: two sells at below the previous day's close at .024 and .0256 (50,000 and 250,000 shares), which is more than 1/3 of yesterdays volume.
That's the complete story.
Anyway, it baffles me that NTGL, no revenue, no cash, $150k loss last reported quarter, only "intellectual property" as assets, trades at 15 times NTEK's SP, with less than 1/10 the AS of NTEK.
NTGL market value: $5.5 mln
NTEK market value: $4.2 mln
That's how much NTEK management f...ed up the SP.
Actually, the 150 mln NTGL shares NTEK owns are now worth more than the the entire NTEK OS !
How about that ?
And that's before the upcoming RS.
Now that it occurs to me, if they sell half their NTGL stake, they could buy back half the NTEK float ! LOL.
That would support our NTEK investment big time for sure.
Sorry for rubbing it in, but that's the current facts.
Oh, I forgot, it all must be the shorter's fault ...
2
