I do not fault you or any longs or day traders for flipping during the last run. In fact I am kicking myself for not doing it as well. I was hoping that they would PR something and we would not be able to see the ceiling, but that did not happen. It was a tremendous opportunity to add shares, and I missed it. I also do not take your comments personally, this board is great because of all the work that everyone puts in, including yourself, and we are certainly allowed to disagree. I hope you do not think I have ever made a personal attack against anyone on this board, or unnecessarily bashed the company, including what follows.
Even though I am certainly feeling down right now, I have always tried to frame my comments in a constructive way. I think that smart, savvy investors at their best hold management's feet to the fire when things are not going their way. And as much progress as the company actually has made in the last three years (since I first invested), things are not, and have not been going our way as investors. We are all ultimately here to make money, but that has not been the case for basically all of us. I know penny stocks are the wild west, but this is a real company, and we as shareholders have rights. We have let management off the hook too many times when they have failed to deliver or broken promises. They ignore us, or worse try to placate us with vague, often extremely tardy letters that do not answer our questions. Where are our ntgl shares? What was the proxy vote we were supposed to have seen? Why do they keep issuing shares, despite repeated announcements that they are done? What is going on with the reverse split? Who is in charge of the company? There are legitimate answers I can live with (and would even boost our pps) to all of those questions, but management has to be honest about it, because otherwise we look like another penny stock scam. Daniel Wong, our IR rep, seems hardly in the loop at all, and that just makes it worse. It just is starting to feel like the people in charge are not feeling the drive and energy they once did. Maybe they are, but let me give you an example of what I mean.
The Ultraflix Twitter and Facebook pages look like they are maintained as a side job by someone who does not understand social media, which is really disconcerting considering we are a tech company. They are boring, like, really boring. The fact that the twitter account is following more people than it has followers speaks volumes. I think the Ultraflix twitter feed should be picking fights with the Netflix, Hulu, and Amazon video twitter feeds on a daily basis. They have millions of followers between them, and in a fight Ultraflix wins on every count. We are young and scrappy, our tech is first class, our selection is amazing and only getting better, and our prices can compete with the best. We can get the worlds attention by getting out there. Can you imagine how many people would become aware of Ultraflix if some news source picked up a story about a snarky twitter fight between Netflix and some start up nobody has ever heard of? It happens to big companies, sports teams, and celebrities all the time. They all know any PR is good PR. It should be happening to us. One of our editors was the feature of a front page Wall Street Journal article a week ago! That should have been huge, we should have been touting that day in and day out. Instead we get a half assed PR, published on an outlet nobody but us watches, without even a link to the story itself.
I disagree with, but understand that the company wants to save money by publishing PR's only on cheaper news outlets. But again, that is wasted money, because we are really the only people who pay attention to it. They may as well have used the money as kindling. Social media is the future, and it is basically free, and we can build a 21st century brand on that medium with almost no cost. I mean hell, I would maintain those accounts for free if they wanted me to, and there would be fireworks. The point is, there are things that the company could be doing better, and part of our job as investors is to make them do it. I think we need to be more hands on.
Real talk for a second. I got started looking at stocks in the hopes that I would find something to help offset my law school tuition debt, which is substantial. I would often ferret loan money away into a brokerage account to invest in this or that, and then I got a tip from an ex-girlfriend who picks stocks for a living about $ntek. She made a lot of money in the run to $.18, and said this stock had the potential to be a moonshot. So I looked into it, and put some money into it. The more time went by the more events that occurred, the more I became convinced me that this could be a moonshot stock. So I continued to put money into it, even though the price kept going down, from .11, all the way to .0045, when my powder keg went dry. And I know, you do not gamble money you cannot afford to lose, which I didn't. I just had to eat less then, and if I have to sell at a loss, I will pay more later. Even though the chickens are coming home to roost in the near future, I still believe that this company has everything it takes to be a multi-billion dollar company, after all, we are mentioned besides multi-billion dollar companies on a daily basis. Just do not expect me sit and be a cheerleader while the future I gambled is casually squandered when there are obvious things that can be done to help us, and the company grow.
Even though I am certainly feeling down right now, I have always tried to frame my comments in a constructive way. I think that smart, savvy investors at their best hold management's feet to the fire when things are not going their way. And as much progress as the company actually has made in the last three years (since I first invested), things are not, and have not been going our way as investors. We are all ultimately here to make money, but that has not been the case for basically all of us. I know penny stocks are the wild west, but this is a real company, and we as shareholders have rights. We have let management off the hook too many times when they have failed to deliver or broken promises. They ignore us, or worse try to placate us with vague, often extremely tardy letters that do not answer our questions. Where are our ntgl shares? What was the proxy vote we were supposed to have seen? Why do they keep issuing shares, despite repeated announcements that they are done? What is going on with the reverse split? Who is in charge of the company? There are legitimate answers I can live with (and would even boost our pps) to all of those questions, but management has to be honest about it, because otherwise we look like another penny stock scam. Daniel Wong, our IR rep, seems hardly in the loop at all, and that just makes it worse. It just is starting to feel like the people in charge are not feeling the drive and energy they once did. Maybe they are, but let me give you an example of what I mean.
The Ultraflix Twitter and Facebook pages look like they are maintained as a side job by someone who does not understand social media, which is really disconcerting considering we are a tech company. They are boring, like, really boring. The fact that the twitter account is following more people than it has followers speaks volumes. I think the Ultraflix twitter feed should be picking fights with the Netflix, Hulu, and Amazon video twitter feeds on a daily basis. They have millions of followers between them, and in a fight Ultraflix wins on every count. We are young and scrappy, our tech is first class, our selection is amazing and only getting better, and our prices can compete with the best. We can get the worlds attention by getting out there. Can you imagine how many people would become aware of Ultraflix if some news source picked up a story about a snarky twitter fight between Netflix and some start up nobody has ever heard of? It happens to big companies, sports teams, and celebrities all the time. They all know any PR is good PR. It should be happening to us. One of our editors was the feature of a front page Wall Street Journal article a week ago! That should have been huge, we should have been touting that day in and day out. Instead we get a half assed PR, published on an outlet nobody but us watches, without even a link to the story itself.
I disagree with, but understand that the company wants to save money by publishing PR's only on cheaper news outlets. But again, that is wasted money, because we are really the only people who pay attention to it. They may as well have used the money as kindling. Social media is the future, and it is basically free, and we can build a 21st century brand on that medium with almost no cost. I mean hell, I would maintain those accounts for free if they wanted me to, and there would be fireworks. The point is, there are things that the company could be doing better, and part of our job as investors is to make them do it. I think we need to be more hands on.
Real talk for a second. I got started looking at stocks in the hopes that I would find something to help offset my law school tuition debt, which is substantial. I would often ferret loan money away into a brokerage account to invest in this or that, and then I got a tip from an ex-girlfriend who picks stocks for a living about $ntek. She made a lot of money in the run to $.18, and said this stock had the potential to be a moonshot. So I looked into it, and put some money into it. The more time went by the more events that occurred, the more I became convinced me that this could be a moonshot stock. So I continued to put money into it, even though the price kept going down, from .11, all the way to .0045, when my powder keg went dry. And I know, you do not gamble money you cannot afford to lose, which I didn't. I just had to eat less then, and if I have to sell at a loss, I will pay more later. Even though the chickens are coming home to roost in the near future, I still believe that this company has everything it takes to be a multi-billion dollar company, after all, we are mentioned besides multi-billion dollar companies on a daily basis. Just do not expect me sit and be a cheerleader while the future I gambled is casually squandered when there are obvious things that can be done to help us, and the company grow.
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