I post this as a NTEK long. Like many other NTEK i
Post# of 96879
Posted On: 08/18/2015 1:30:17 PM
Re: 2015invest #27556
I post this as a NTEK long. Like many other NTEK investors I have legitimate concerns. Every other week I watch the OS go up, the PPS go down, and nothing of value to show for it.
The last shareholder letter was nicely written, and once again raised the shareholders expectations, but at this point in time it's nothing more than talk!
I'm sick of it, and I'm only interested in the walk.
Since the last quarter of 2014, NTEK has promised that they are spending "our money/shares" on content. Since then they have raised the A/S twice after promising that they wouldn't, and we have 7 MGM films, and 2 paramount films to show for it(A list content). I'm okay with the A/S raise as long as we have something of value to show for it...and at this point in time we don't.
After NTEK's 21 month downtrend, and NTEK making a lot of promises they couldn't keep, NTEK needs to start being more real with their shareholders.
And it starts with transparency.
If you don't think your going to get 100 movies uploaded in 15-30 days than why in the world would you put that in a June letter to shareholders???
Equipment upgrades should have already been realized and addressed before you put out such a statement as the one above...
If this was the first few times that NTEK has had such missteps I would let it slide, but this has become a part of NTEK's DNA(which isn't comforting).
NTEK's IR and management claims they care about the shareholders. Well the best way of showing it is by action. And the best way for the shareholder to believe it is by seeing a ROI. The reality of the situation is "We NTEK The Shareholders" have financed Nanotech Entertainment, and it's time for us to start collecting interest!
I can only hope that there is "Huge News" and Big Content Uploads" coming in the next few days/weeks(As NTEK promised shareholders). This would rein-steel investor confidence, give the shareholder value, and make all of us shareholders a lot more comfortable with the current dilution.
I pray the wait will be worth it.
Sincerely,
Taber
The last shareholder letter was nicely written, and once again raised the shareholders expectations, but at this point in time it's nothing more than talk!
I'm sick of it, and I'm only interested in the walk.
Since the last quarter of 2014, NTEK has promised that they are spending "our money/shares" on content. Since then they have raised the A/S twice after promising that they wouldn't, and we have 7 MGM films, and 2 paramount films to show for it(A list content). I'm okay with the A/S raise as long as we have something of value to show for it...and at this point in time we don't.
After NTEK's 21 month downtrend, and NTEK making a lot of promises they couldn't keep, NTEK needs to start being more real with their shareholders.
And it starts with transparency.
If you don't think your going to get 100 movies uploaded in 15-30 days than why in the world would you put that in a June letter to shareholders???
Equipment upgrades should have already been realized and addressed before you put out such a statement as the one above...
If this was the first few times that NTEK has had such missteps I would let it slide, but this has become a part of NTEK's DNA(which isn't comforting).
NTEK's IR and management claims they care about the shareholders. Well the best way of showing it is by action. And the best way for the shareholder to believe it is by seeing a ROI. The reality of the situation is "We NTEK The Shareholders" have financed Nanotech Entertainment, and it's time for us to start collecting interest!
I can only hope that there is "Huge News" and Big Content Uploads" coming in the next few days/weeks(As NTEK promised shareholders). This would rein-steel investor confidence, give the shareholder value, and make all of us shareholders a lot more comfortable with the current dilution.
I pray the wait will be worth it.
Sincerely,
Taber
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