I didn't own shares when this traded at that price but one of the main reasons we went to .17 was to bail out the shorts. They drove it there so they could short it down and they did. The problem is they thought that when the founder was sentenced they saw an opportunity to drive the company into bankruptcy and have a tax free win. Little did they know that the technology was so good and the need so great that the giants of the industry would be the primary backers of the company. So now those short are at great risk. The short as of 2/6/15 was big but the short as of 12/31/15 is monstrous. Meanwhile the company has gained traction worldwide and is now in a position to grow revenues and it is doing it! I am hoping we will get our NTGL shares (which also has a proportionaly large short with a tiny float) on the one year anniversary or 2/6/16. NTGL has had the chance to quietly make inroads with the gaming industry with laws being passed etc. that should allow it too to gain traction this year. When the NTGL shares are issued our brokerage firms will realize how short they are and according to their fiduciary responsibilities they should try to buy in what they are short. This will be a dicey time for those liable for the markers that now appear in our accounts.
I would expect a surge in our NTEK shares due to this as well and if NTEK decides to spin off UltraFlix as they did NTGL expect things to get really wild.
2016 should be one heck of an interesting year for NTEK shareholders.
Go NTEK!!!
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