BIG Investment Group LLC 1 hr · Edited · Na
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BIG Investment Group LLC
1 hr · Edited ·
Nanotech Entertainment held their first quarterly conference call today, Thursday March 12th, 2015.
There was a ton of great news shared just delivered in an underwhelming manner IMO. I will attempt to highlight the key points and expand on them based on my understanding.
Here are a few highlights:
» Nanotech Gaming will host an independent shareholders meeting apart from NTEK's corporate shareholders meeting.
» The increased share structure was done for multiple reasons but it will attract new employees as well as finance acquisitions. No mention of the actual acquisitions in play but I do know there are a few and they are significant. I'm sure more details will be shared on this front shortly.
» NTEK is currently looking to hire a CFO (Chief Financial Officer). The current CFO has other responsibilities. This is a great move as being on high finance myself in the past I know how impactful a good CFO can be to a growth company.
» A 4K music channel will launch next month.
» UltraFlix is growing exponentially and will be arriving on Apple products shortly. It was mentioned that several 1,000 NEW subscribers have joined just in the last few days!
» UltraFlix will have Warner Brothers, Lionsgate, Sony and other major studio's content shortly.
» NTEK is currently processing the entire Millennium Films catalog. This is beyond huge folks! Check out this link to see current content available. Homepage Link: goo.gl/DNYqJr
Perhaps the biggest news shared was that NTEK has bought 3 months of EXCLUSIVE rights to an Oscar award winning title and the name of this film will be released next week! This is game changing news as it's clear this will be a yet to be released feature and anyone who wants to see this in 4K MUST go to UltraFlix to view the first 3 months!
» UltraFlix will offer a subscription based model in the near future but new and popular titles will be on the VOD model.
This conference call is just a sneak peek into several of NTEK's business developments but there is a lot more that isn't currently being shared. This conference call might have felt underwhelming from a delivery standpoint but this type of transparency is extremely rare with OTC Market stocks.
It's become very apparent to the public that NTEK is now extremely focused on the longevity success of UltraFlix. Do NOT take their silence and lack of communication as a weakness right now because NTEK has come to the conclusion of letting their business developments speak for themselves.
We are expecting major PR's to drop over the next few weeks in regards to the business developments that they spoke about today but also other PR's that are currently being processed and negotiated.
We will be posting a separate post talking about the Millennium deal in the morning as this is way bigger than most think.
There was also no mention of any financial projections for 2015 during the call. I have a feeling we hear something on this front as early as next week. I've been told the growth in both revenue and profit for 2015 will be staggering.
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