Just Damn! I wish I had withheld my post about smoke signals and where they were being blown, for at least for another day 'cause I'd never had posted it after reading today's update. Thank you Jeff Foley and NTEK!
At first blush, my take of Jeff's supplemental is the following:
1. Nice to see they're shopping Clear Memories and Magic Screen 3D.
2. 500 A list movies of which that'll include a major portion of the top 250 movies ever produced is HUGE!
1 & 2 sound a lot like Mitch Lowe had his hands in that pie. Cutting and streamlining everywhere you can to maximize profit for the company and it's shareholders. Lowe has stated that 80% of the TOTAL movie demand, whether at home, theater, tablet or wherever consists of about 140 full length movies, that all! So give the people what they want and cut the rest. With it mind, that was his philosophy when he ran Red Box. NetFlix on the other hand had a different philosophy in that they wanted to provide everything, but as we've seen it doesn't go without costs and consequences when security issues and other factors are thrown into the mix. Moving to NTEK, I think Lowe may be looking to bring a little bit of RedBox and a little bit of Netflix to UltraFlix and help NTEK reach it's full potential as the world leader in the delivery of pristine 4K/UHD content securely and at an unheard of industry busting 4mbps.
3. Accurate and realistic forecasting for 2016-2018. That's right there shows confidence as we continue to build momentum going into the holiday season.
4. The biggest chunk of news was,
While some may point out that Peter said the same thing in earlier this year and in less than a few weeks they raise it again. This time, my gut says that won't happen again, especially now that NTEK has now met those obligations. The significance of that statement from Jeff can't be overstated enough. I believe it gives current and future shareholders the confidence to buy without fear of being excessively diluted. NTEK did what they had to do in that regard, told us about it and now we can move forward but all the while still expecting to see results. Huge confidence boost that I expect will loosen the purse strings of some wary and maybe like myself not so wary investors.
On the downside, I would have like to have received news regarding the 100 film upload. It wasn't done so just a quick statement as to where they are in that process and what may have held it up. As an OTC Pink, I would have also liked for Jeff to make a statement regarding a commitment to keep shareholders posted on a more regular basis. That simply means making sure Dan Wong is updated and allowed to provide info on a more timely basis. Wong seems to have had his hands tied a little much lately which only serves to breed investor skepticism and hurts confidence.
Finally, I'd just like to say one more thing.....NTEK...GET SUMMM!!! Bitches!
Atlas1
At first blush, my take of Jeff's supplemental is the following:
1. Nice to see they're shopping Clear Memories and Magic Screen 3D.
2. 500 A list movies of which that'll include a major portion of the top 250 movies ever produced is HUGE!
1 & 2 sound a lot like Mitch Lowe had his hands in that pie. Cutting and streamlining everywhere you can to maximize profit for the company and it's shareholders. Lowe has stated that 80% of the TOTAL movie demand, whether at home, theater, tablet or wherever consists of about 140 full length movies, that all! So give the people what they want and cut the rest. With it mind, that was his philosophy when he ran Red Box. NetFlix on the other hand had a different philosophy in that they wanted to provide everything, but as we've seen it doesn't go without costs and consequences when security issues and other factors are thrown into the mix. Moving to NTEK, I think Lowe may be looking to bring a little bit of RedBox and a little bit of Netflix to UltraFlix and help NTEK reach it's full potential as the world leader in the delivery of pristine 4K/UHD content securely and at an unheard of industry busting 4mbps.
3. Accurate and realistic forecasting for 2016-2018. That's right there shows confidence as we continue to build momentum going into the holiday season.
4. The biggest chunk of news was,
Quote:Earlier this year we increased
our authorized shares. This was necessary to help the company reach our long term goals and meet contractual obligations that have provided the company with much needed intellectual property and licenses. We believe that the last raise was sufficient to cover our short term goals and do not have plans for another raise.
While some may point out that Peter said the same thing in earlier this year and in less than a few weeks they raise it again. This time, my gut says that won't happen again, especially now that NTEK has now met those obligations. The significance of that statement from Jeff can't be overstated enough. I believe it gives current and future shareholders the confidence to buy without fear of being excessively diluted. NTEK did what they had to do in that regard, told us about it and now we can move forward but all the while still expecting to see results. Huge confidence boost that I expect will loosen the purse strings of some wary and maybe like myself not so wary investors.
On the downside, I would have like to have received news regarding the 100 film upload. It wasn't done so just a quick statement as to where they are in that process and what may have held it up. As an OTC Pink, I would have also liked for Jeff to make a statement regarding a commitment to keep shareholders posted on a more regular basis. That simply means making sure Dan Wong is updated and allowed to provide info on a more timely basis. Wong seems to have had his hands tied a little much lately which only serves to breed investor skepticism and hurts confidence.
Finally, I'd just like to say one more thing.....NTEK...GET SUMMM!!! Bitches!
Atlas1
