My opinion isn't worth 2 nickles but since you ask
Post# of 96892
Posted On: 09/19/2015 12:20:46 AM
My opinion isn't worth 2 nickles but since you asked, here is what I think. I've given it quite a bit of thought and while I've had my share of disappointments with management in the past, I've also been pleasantly surprised by many a tremendous accomplishment, particularly for what is essentially an underfunded start up.
Here we are, 45 million more added to the OS this week alone with just a scant 15 million left before we max again. The obvious concern is, they've burned through a tremendous number of shares lately for a mere penny ps over the past several weeks and have nearly doubled the OS in 8 or 9 months. It sure SEEMS like their appetite for selling has no end in sight. Given the past, it's certainly reasonable if not prudent for an investor to question the future, right? I certainly think so. So is this really the end of dilution or will the unexpected revenue shortfall from troubles with the Sony, Samsung and Hisense apps be blamed?
The answer is, I honestly don't know. However, what I do know is, NTEK has said they don't have any future plans to raise the AS again, that they will be able to fund expansion, etc with revenues generated from UltraFlix. So regardless of what was said or done in the past, I have to take them on their word right now. That being said, one thing is certain, raising the AS again while we are already precariously sitting sub penny wouldn't be good on any level, not only for pps but also from a trust perspective.
I'm patiently watching just like the rest of you. Remember, these guys have families who are counting on them too. There are no preferred shares, no golden parachutes, all are common shares and still some are restricted. They have just as much if not more to lose than many of us. So, I will continue to support my shares and this management. In fact, I may even buy more next week.
Atlas1
NTEK...GET SUMMM!!!
Here we are, 45 million more added to the OS this week alone with just a scant 15 million left before we max again. The obvious concern is, they've burned through a tremendous number of shares lately for a mere penny ps over the past several weeks and have nearly doubled the OS in 8 or 9 months. It sure SEEMS like their appetite for selling has no end in sight. Given the past, it's certainly reasonable if not prudent for an investor to question the future, right? I certainly think so. So is this really the end of dilution or will the unexpected revenue shortfall from troubles with the Sony, Samsung and Hisense apps be blamed?
The answer is, I honestly don't know. However, what I do know is, NTEK has said they don't have any future plans to raise the AS again, that they will be able to fund expansion, etc with revenues generated from UltraFlix. So regardless of what was said or done in the past, I have to take them on their word right now. That being said, one thing is certain, raising the AS again while we are already precariously sitting sub penny wouldn't be good on any level, not only for pps but also from a trust perspective.
I'm patiently watching just like the rest of you. Remember, these guys have families who are counting on them too. There are no preferred shares, no golden parachutes, all are common shares and still some are restricted. They have just as much if not more to lose than many of us. So, I will continue to support my shares and this management. In fact, I may even buy more next week.
Atlas1
NTEK...GET SUMMM!!!
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