Lets take another look at our disappointment over
Post# of 96897
Posted On: 01/09/2016 4:06:54 PM
Lets take another look at our disappointment over the issuance of additional shares.
1. The company tells us that they added 100,000 accounts in the last quarter, and that included Black Friday and the Christmas runup - so it included most of both of our "sales"
This math will not be clean, but it is a start. If we assume that ALL 100,000 of these new members bought the 99.00 deal that would have been a cash inflow of 9,900,000. We know that some pre 4th Q members like many of us bought these deals our money would be extra. We also know that some bought the lower deals, and some bought nothing.
So with all of the plusses and minuses - lets start with 10,000,000 in 4th Q revenue.
2. The company holds a huge piece of that 10,000,000 in an account payable to the media companies, and I assume that the media companies gave price break permission to NTEK to have the sale.
3. If the company still gets 20%, that is 2,000,000
4. The company, just about to submit to audits, has to protect the 8,000,000 with it's life, because their first audit cannot reveal NTEK dipping into money essentially held to pay media for future use content. So it is not our money to spend.
5. That 2,000,000 is not a lot of money. We can make the 4th Q earnings pot bigger for the regular rental of content
6. Especially if you consider that NTEK is spending or committing to spend significantly to purchase content rights.
7. If anything, our expenses are increasing. It appears as though we are remaster central, and we dont have 100 remaster machines/expert users.
8. The fact that NTEK let Samsung et al carry our water at CE indicates that we are stretched budget and personnel wise.
9. It appears as though gamers are not yet ready to switch to NTEK streaming 4K and this opinion comes from NTGL through the dd of some of our posters.
OK - so I am disappointed, but that is my problem for getting a big head about our success beyond reality. Mea Culpa. All of this is good to know.
This process is messy, but we are so much stronger and more proven that we were as recently as August. I think we need a partner. sell 25% of the company, but sell it for enough to pay off our loan, sell it for enough to fund our entree to LIVE and secure more content and pay significant remaster efforts and a few more things.
Paul
1. The company tells us that they added 100,000 accounts in the last quarter, and that included Black Friday and the Christmas runup - so it included most of both of our "sales"
This math will not be clean, but it is a start. If we assume that ALL 100,000 of these new members bought the 99.00 deal that would have been a cash inflow of 9,900,000. We know that some pre 4th Q members like many of us bought these deals our money would be extra. We also know that some bought the lower deals, and some bought nothing.
So with all of the plusses and minuses - lets start with 10,000,000 in 4th Q revenue.
2. The company holds a huge piece of that 10,000,000 in an account payable to the media companies, and I assume that the media companies gave price break permission to NTEK to have the sale.
3. If the company still gets 20%, that is 2,000,000
4. The company, just about to submit to audits, has to protect the 8,000,000 with it's life, because their first audit cannot reveal NTEK dipping into money essentially held to pay media for future use content. So it is not our money to spend.
5. That 2,000,000 is not a lot of money. We can make the 4th Q earnings pot bigger for the regular rental of content
6. Especially if you consider that NTEK is spending or committing to spend significantly to purchase content rights.
7. If anything, our expenses are increasing. It appears as though we are remaster central, and we dont have 100 remaster machines/expert users.
8. The fact that NTEK let Samsung et al carry our water at CE indicates that we are stretched budget and personnel wise.
9. It appears as though gamers are not yet ready to switch to NTEK streaming 4K and this opinion comes from NTGL through the dd of some of our posters.
OK - so I am disappointed, but that is my problem for getting a big head about our success beyond reality. Mea Culpa. All of this is good to know.
This process is messy, but we are so much stronger and more proven that we were as recently as August. I think we need a partner. sell 25% of the company, but sell it for enough to pay off our loan, sell it for enough to fund our entree to LIVE and secure more content and pay significant remaster efforts and a few more things.
Paul
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