krid, dunno if you know the NTEK-private-FB-board
Post# of 2009
Posted On: 07/14/2016 8:28:16 AM
krid, dunno if you know the NTEK-private-FB-board of some critical posters (bagholders, LOL) ... here are 2 comments from yesterday ... IMO Joseph Hill is a big expert whose analysises are exposing this investment as that scam as it really is ... no, by no means a basher (has still shares, curiously), just saying what´s the (sad) facts are ... that hurts, especially all those who abstrusely still believe (or pump) in this "investment" (LOL) ....
Quote:
Mimi Grabner
Curious ... RS announced, new ticker-symbol ... and zero comment here? Strange ... a sign how marginal. redundant and uninteresting this stock/company has become!?
Joseph Hill
Enjoy the deception while you can. I suspect the reality going forward is yet another downward trend. imo Good Luck!
Joseph Hill
Basically, as everyone likely already knows...NTEK was close to maxing out the over 2 BILLION in Authorized Shares. This after allowing the PPS to dive to near a 3 year low or what amounts to a -97% loss in PPS value. During this 3 year period they diluted the shareholders percentage ownership interest as far as shares are concerned by around -80%.
Now they throw a RS at shareholders the current net effect of which is to increase the AS so that instead of maxing out the AS again, they give themselves a HUGE spread about 410,000,000 out of the 499,000,000 that they can continue to dump and/or give to all those special individuals who have been promised the shares as a result of the sweet deals they made for themselves.
Basically an increase to the AS of about 300% to 400% only adjusting the numbers to give the 'appearance" of a reduction.
Of course, the insider super shares suffered no ill effects and presumably now are only stronger in comparison to the BS shares retail investors have been buying and holding. Very disgusting...the way they continue to operate.
Given how little confidence current shareholders have in the company and the way it operates, it shouldn't be too long before the PPS drops to where it was before the RS, especially knowing the company's bad habit of dumping shares to fund their "plans" imo
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