PM replies. for benefit of others
ntek filings are not late. there is a difference b/n calendar yr and fiscal yr as well as a quarterly and annual report. one should understand the distinctions
calendar yr is quite frequently also the fiscal yr for many companies.
but not everyone starts their business on the first month of the yr. it is neither good or bad....
just is
in ntek's case the fye is NOT 12.31.xxxx (calendar yr end) it is 6.30.xxxx
when a q ends in conjunction with the fye they are both given more time to be delivered. a q report is typically a close approximation of the quarters business. but over the year - a longer period - accounting items, valuations, depreciation, revenues, business, et. al. may have changed
example ciao telecom was one of those expecting to take non-4k streaming nuvola players. this was before new management came in and bought ciao putting the completion of nteks order on hold (according to the company per shm inquiry and other public docs listing all the above mentioned info). others like graphin company, jvc, skymedia, greater outdoor company, may also have made 4k and non-4k nuvola orders that could have been impacted by say - a deposit given when ntek was expecting to make delivery. but later, as we now know, decided to improve the product with the new android os and cts certification
items like these get factored into the yearly report where they can be "put into perspective". not just that, but the previous yr may also show similar issues that need to be remedied in the same way as the example i gave. i don't know any of this. just know that its normal
and why the otc grants 90days for the filing of the fye. which also will include the q-report. an attorney letter. and likely include some guidance on operations, progress, developments and future business
so anyone saying the filings are late are clueless. everyone should know when filings are due for the company. it is part of normal research investors do on a target of interest
to another pm reply i would add that any dividends and/or buybacks would derive from profits (as i have said repeatedly). a company like ntek with satellite locations, multiple divisions, (read revenues and expenses from different people managing different specifics to their business, lease terms, location, state, et al) means a lot more work
now, if they are also taking guidance for future audit-capability, they are also getting a review. and recommendations on how to structure revenue and expense items depending on each division, location, business, and then wrestling with how to incorporate all that numerical data into their larger company, operations, tax obligations and information that needs to be shared with the otc now, other agencies later, and their shareholders (systems need to be installed that are specific to each divisions needs, but also meet the greater whole, finally all this needs to be communicated, conveyed, instituted and managed - followed) much of which has less to do with the current accumulation of data and its processing for the quarterly and annual filings due by oct 1 but is necessary to ensure the auditing business goes more smoothly in the future. meantime, the filings in numbers and words, with attorney opinion letter and such still need to get done
this has to be a very busy time for ntek. despite all the reporting obligations, they are launching multiple products. experiencing fast growth (interview, hire, teach, train and manage new staff) while also deciding to begin audits by the end of 2014
most everything here is my opinion on facts my research shows as accurate. anyone who wishes to dispute the facts ought to do so with documentation (substantiation). otherwise these are my opinions as described. everyone should formulate their own
hope that helps...
ntek filings are not late. there is a difference b/n calendar yr and fiscal yr as well as a quarterly and annual report. one should understand the distinctions
calendar yr is quite frequently also the fiscal yr for many companies.
but not everyone starts their business on the first month of the yr. it is neither good or bad....
just is
in ntek's case the fye is NOT 12.31.xxxx (calendar yr end) it is 6.30.xxxx
when a q ends in conjunction with the fye they are both given more time to be delivered. a q report is typically a close approximation of the quarters business. but over the year - a longer period - accounting items, valuations, depreciation, revenues, business, et. al. may have changed
example ciao telecom was one of those expecting to take non-4k streaming nuvola players. this was before new management came in and bought ciao putting the completion of nteks order on hold (according to the company per shm inquiry and other public docs listing all the above mentioned info). others like graphin company, jvc, skymedia, greater outdoor company, may also have made 4k and non-4k nuvola orders that could have been impacted by say - a deposit given when ntek was expecting to make delivery. but later, as we now know, decided to improve the product with the new android os and cts certification
items like these get factored into the yearly report where they can be "put into perspective". not just that, but the previous yr may also show similar issues that need to be remedied in the same way as the example i gave. i don't know any of this. just know that its normal
and why the otc grants 90days for the filing of the fye. which also will include the q-report. an attorney letter. and likely include some guidance on operations, progress, developments and future business
so anyone saying the filings are late are clueless. everyone should know when filings are due for the company. it is part of normal research investors do on a target of interest
to another pm reply i would add that any dividends and/or buybacks would derive from profits (as i have said repeatedly). a company like ntek with satellite locations, multiple divisions, (read revenues and expenses from different people managing different specifics to their business, lease terms, location, state, et al) means a lot more work
now, if they are also taking guidance for future audit-capability, they are also getting a review. and recommendations on how to structure revenue and expense items depending on each division, location, business, and then wrestling with how to incorporate all that numerical data into their larger company, operations, tax obligations and information that needs to be shared with the otc now, other agencies later, and their shareholders (systems need to be installed that are specific to each divisions needs, but also meet the greater whole, finally all this needs to be communicated, conveyed, instituted and managed - followed) much of which has less to do with the current accumulation of data and its processing for the quarterly and annual filings due by oct 1 but is necessary to ensure the auditing business goes more smoothly in the future. meantime, the filings in numbers and words, with attorney opinion letter and such still need to get done
this has to be a very busy time for ntek. despite all the reporting obligations, they are launching multiple products. experiencing fast growth (interview, hire, teach, train and manage new staff) while also deciding to begin audits by the end of 2014
most everything here is my opinion on facts my research shows as accurate. anyone who wishes to dispute the facts ought to do so with documentation (substantiation). otherwise these are my opinions as described. everyone should formulate their own
hope that helps...
