What's convincing is that they are doing something to screw us. I am getting more and more sure of this every day. I hope I am wrong, but every time I see something like this, it makes me more and more sure that I am going to kiss my investment goodbye, and not a single soul at NTEK will give a moment's thought to the amount of money that their long time investors will be losing. I guess the only hope I have that maybe it's ok is that they're still giving supertweet Dave shares, albeit a ludicrous amount of them, so maybe...just maybe it'll be ok.
Those numbers though, are about what I expected. The pay per view model for a movie service is not going to work with the cost model they have in place. It's too much money for old movies. Comcast can do the ppv model because they have releases at the same time they are available in theatres, or early releases. I get that NTEK doesn't have that kind of pull yet, but we're going to have a really long road to climb at this rate. Sure it's a neat thing to see Star Trek in 4k, but are people really going to pay that kind of money for that kind of thing? Unlikely. I wouldn't. Maybe for a new release movie, but not a 20 year old re-mastered movie.
That's been my problem with this model from the beginning. I believed in the gaming side (which we STILL don't have shares) and the NP-1 hardware (any number of things happened here, even to the point that they never existed in the quantities that we were hearing about years ago)...and the income from these movies would have been nice but I wasn't convinced that was going to bring in the income. Would have been smart to trust my instinct then and get out when they announced the cancellation of further production of the NP-1, assuming there really was a production other than the original ones that were sent out. I would have made a tidy profit then, and I would have been fine taking a lottery shot with NTEK at the PPS now. Only time will tell I suppose, but needless to say, I have a concern.
Those numbers though, are about what I expected. The pay per view model for a movie service is not going to work with the cost model they have in place. It's too much money for old movies. Comcast can do the ppv model because they have releases at the same time they are available in theatres, or early releases. I get that NTEK doesn't have that kind of pull yet, but we're going to have a really long road to climb at this rate. Sure it's a neat thing to see Star Trek in 4k, but are people really going to pay that kind of money for that kind of thing? Unlikely. I wouldn't. Maybe for a new release movie, but not a 20 year old re-mastered movie.
That's been my problem with this model from the beginning. I believed in the gaming side (which we STILL don't have shares) and the NP-1 hardware (any number of things happened here, even to the point that they never existed in the quantities that we were hearing about years ago)...and the income from these movies would have been nice but I wasn't convinced that was going to bring in the income. Would have been smart to trust my instinct then and get out when they announced the cancellation of further production of the NP-1, assuming there really was a production other than the original ones that were sent out. I would have made a tidy profit then, and I would have been fine taking a lottery shot with NTEK at the PPS now. Only time will tell I suppose, but needless to say, I have a concern.
