Disappointing Revenues for the June qtr of only 1.

Disappointing Revenues for the June qtr of only 1.5 million.
Management has lost some credibility in my view because they
told shareholders at the May SHM that ROKU revenues were coming
in at 1 million a month clip. Obviously they missed that mark by a mile
for the June qtr. This clearly shows me there is more risk to the NTEK
business model than I previously thought.

I do cut them some slack in the June qtr because obviously they
were highly focused on getting the NP-1 successfully launched
so perhaps we'll see their base businesses bounce back in the
Sept Qtr and we know we have all the NP-1 revenues that will
also show in the Sept Qtr...

Nevertheless the stock acted with a selloff on all this news out
today and volume dropped off big. Until we get to see the next
revenue report in mid November its going to be tough for the
stock to get back to .10 imo unless NTEK has some more
blockbuster PRs to put out.

Bottomline I'm reducing My revenue forecast for Calendar 2015
to $70-$110 million, which still puts NTEK extremely undervalued
at .081 assuming they hit those numbers next year.

Lets see how the stock holds up the rest of the week.
By the way since they did do a MONDAY PR remember they
are 11 for 11 releasing another PR same week when they
do a MONDAY PR so the week could still get interesting.