I heard on another board that ntek was responsible
Post# of 2009
Posted On: 10/24/2015 5:34:56 AM
Quote:
I heard on another board that ntek was responsible for zero shares sold this week. That's very good news.
??
Yesterday, about half an hour before close, 16.519mln shares were dumped, and bought all at ones. A few hours later 31 new titles show up on Ultraflix, a week after the last were uploaded. On average it takes them a week to upload +/- 30 movies, and they usually dump 15 mln shares over +/- a week when diluting.
Apparently they where so cash strapped that they had to wait until new shares could be sold in order to continue their uploads.
So my take on this: revenue from the Vizio and Samsung owners is not sufficient to run the business, caused by an utterly optimistic management that hasn't the capability to look two weeks ahead. Now they sell shares below a penny, because they announce and announce and keep announcing, but most of it doesn't show up.
In the last shareholder letter and the NTEK palls FB page, there are new carrots dangling, since the old ones are all dried up by now.
There is a newcomer to UF (soon, sometime): Humax, a brand new carrot.
Meanwhile, still no Sony (but “coming soon”, really this time !), no Samsung Tizen, no Hisense, no Sharp, no LG, no iOS, no Amazon, no Roku (?), no WB or A&E Titles (should have been on UF around Oct,1st).
However, the marketing campaign will kick off next month....
Content budget will be raised to 10mln (how ??, oh yes, the proxy vote in the next coming weeks....)
One light though: now they actually explained that
Quote:They actually announce something AFTER they accomplished it !
While it has taken longer than expected, we are pleased to announce that we have released our latest build of UltraFlix to Sony and Samsung for QC,
which we believe will be the final build
Let's only hope it's the final build.
The only thing that surprises me is that the SP didn't end below 0.008 yesterday. I hope it doesn't tank on monday.
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