In a few years you'll be a multimillionaire. We (NTEK shareholders) are in a perfect storm at the moment with the unprecedented, lightening fast adoption of 4K as the new standard in consumer viewing experience. The speed at which the screen manufacturers, the content owners and the retailers have cozied up and accepted 4K as the new standard has caught many off guard, Sony, Samsung AND Netflix included. You question that last statement don't you? Sony and Samsung (the hares) both support Nanotech's UltraFlix, right? Well..., Yes they do but you'll recall that it was not too long ago that both were trying to pedal their own outrageously overpriced, pre-loaded with a couple of movies, painstakingly long 4K download time, boxes. Both companies lost a butt load in R&D as well as production costs in their haste to bring those paper weights to market. If that wasn't enough, Sony's required not only the box but would only play on their select tvs. Go figure!
Meanwhile, NTEK (the tortoise) quietly developed, produced and sold the NP1's but also quickly changed gears as the market dictated and developed the award winning UltraFlix app. Like most successful companies, the hares both realized it was more profitable to join the android based UltraFlix platform and stream at sub 8mbps (at the time) than to continue exclusively make paper weights.
Netflix on the other hand, well, what can I say? Over valued out the Wazoo!!! If I were a shareholder, I'd take my profits, hit the door and wouldn't look back. Netflix has NOT turned a REAL profit since inception and they have said they don't expect to be profitable until 2017. Don't take my word for it though, see for yourself. Now if you owned a company like Netflix, a revenue producing yet cash burning behemoth, and saw a potential threat to your business, what might you do?
Somehow, the geniuses at tiny old NTEK have managed to win the confidence and respect of the screen manufacturers, content owners and producers. It's simply a matter of time, persistence and continued hard work for it to all pay off for NTEK and their shareholders as we will win the 4K race
Meanwhile, NTEK (the tortoise) quietly developed, produced and sold the NP1's but also quickly changed gears as the market dictated and developed the award winning UltraFlix app. Like most successful companies, the hares both realized it was more profitable to join the android based UltraFlix platform and stream at sub 8mbps (at the time) than to continue exclusively make paper weights.
Netflix on the other hand, well, what can I say? Over valued out the Wazoo!!! If I were a shareholder, I'd take my profits, hit the door and wouldn't look back. Netflix has NOT turned a REAL profit since inception and they have said they don't expect to be profitable until 2017. Don't take my word for it though, see for yourself. Now if you owned a company like Netflix, a revenue producing yet cash burning behemoth, and saw a potential threat to your business, what might you do?
Somehow, the geniuses at tiny old NTEK have managed to win the confidence and respect of the screen manufacturers, content owners and producers. It's simply a matter of time, persistence and continued hard work for it to all pay off for NTEK and their shareholders as we will win the 4K race
