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Posted On: 02/16/2017 7:03:01 PM
Post# of 96869
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Re: sinjohn221 #73733
If you have been here four years then you know I'm a die hard supporter of ntek. But I have also been analytical of their reports and try to understand what they are doing in absence of information provided to shareholders. I have nine family, friends and work associates I have convienced to buy in that have also had seen paper loses of over 95%. When I tell them that we had the r/s (which I was opposed to) to reduce $1 million of debt and they see their shares disappear and become nearly worthless after dilutions that took O/S after split from 80 million to 140 million o/s shares and share price continues to fall from after split of nearly .07 to .025 its hard to keep them from being upset with me during a time when you could throw a dart at the stock exchange that have huge gains and come out with a stock winner. So I take the heat of their anger and try to keep them informed as to why it was all necessary. Then after all the dilutions and being on many more platforms we don't get much of ROI during the holidays ending the quarter with huge losses of $1.6 million (which would be even much higher if not for the investment credit of ntgl shares they hold for us). I now have to be convincing once again to those I got involved that its finally coming together (which I truly believe) and we are good going forward with all that's transpired lately that's been shared with us by the company. We need to be honest here and call it like it is and what the company is doing to rectify what appears to have been ongoing financial problems. I had to face reality they need funding and no one was going to buy when the shares were over 2 billion o/s and pps was sub penny. Since my shares were bought before r/s they are worth today after closing at .0276 ( pre-split .0011). Despite being down 98% I'm still all in and that this a multiple dollar stock by 2020.
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