You are the greatest Tiny.
I invested in a pharma many years ago called Avanir Pharmacueticals. They were not always a penny stock but they became one in 2008. I bought thousands of shares for .22 and in January of 15 they sold for 17.00.
During the time I was an investor I was always a buyer. Even with small amounts of money. they went through a 7 for 1 split, and almost immediately the price was shorted back down to the same price where it started.
You will recall that I helped Alan introduce you to Deep Capture and have always been Alan's supporter as he talks to us about naked shorting. Deep Capture was about Dendreon DNDN, but it was the exact same time frame as Avanir and we had the same players in our stock, and Avanir was always a losing investment until that changed and they were no longer a loser.
Avanir had a product. In fact, the buyer has now introduced two drug products from Avanir's product mix.
NTEK has a product.
NTEK also has something else AVNR had: a Yahoo board that was unbelievably similar to this chat board. In fact, for the last year plus I have continued to buy as I have continued to read.
It seems that you are all glossing over something else that they just declared has now been completed: over 50% of the convertible debt is gone. Those debt holders used to have the ability to force their way into being an owner of 25% of NTEK in trade for their 2,000,000 debt. That is now down to 12.5% or less.
I know it isn't the 80% they said they could obtain, and they didn't say that they had refinanced. That leads me to beleive that they used 1,000,000+ dollars to retire debt.
None of this is easy, but I ended up very happy that AVNR remained independent for as long as possible. I was able to keep buying. I never had a lot of money at any one time, but I never stopped buying. I won.
I want NTEK to scrape the bottom of the f'n barrel to stay independent for as long as possible. In this case, for me, because the shorts drove the price down so far and the timing of when I bought, I have enough shares and I bought them on the other side of all the price damage caused by the shorts. I have never been in this situation before. In this case, I want NTEK to stay independent long enough to prove their value.
Like Tiny said, NTEK has a timely product with a handful of guerilla managers that own the same stock I do. If they win I win.
Paul
I invested in a pharma many years ago called Avanir Pharmacueticals. They were not always a penny stock but they became one in 2008. I bought thousands of shares for .22 and in January of 15 they sold for 17.00.
During the time I was an investor I was always a buyer. Even with small amounts of money. they went through a 7 for 1 split, and almost immediately the price was shorted back down to the same price where it started.
You will recall that I helped Alan introduce you to Deep Capture and have always been Alan's supporter as he talks to us about naked shorting. Deep Capture was about Dendreon DNDN, but it was the exact same time frame as Avanir and we had the same players in our stock, and Avanir was always a losing investment until that changed and they were no longer a loser.
Avanir had a product. In fact, the buyer has now introduced two drug products from Avanir's product mix.
NTEK has a product.
NTEK also has something else AVNR had: a Yahoo board that was unbelievably similar to this chat board. In fact, for the last year plus I have continued to buy as I have continued to read.
It seems that you are all glossing over something else that they just declared has now been completed: over 50% of the convertible debt is gone. Those debt holders used to have the ability to force their way into being an owner of 25% of NTEK in trade for their 2,000,000 debt. That is now down to 12.5% or less.
I know it isn't the 80% they said they could obtain, and they didn't say that they had refinanced. That leads me to beleive that they used 1,000,000+ dollars to retire debt.
None of this is easy, but I ended up very happy that AVNR remained independent for as long as possible. I was able to keep buying. I never had a lot of money at any one time, but I never stopped buying. I won.
I want NTEK to scrape the bottom of the f'n barrel to stay independent for as long as possible. In this case, for me, because the shorts drove the price down so far and the timing of when I bought, I have enough shares and I bought them on the other side of all the price damage caused by the shorts. I have never been in this situation before. In this case, I want NTEK to stay independent long enough to prove their value.
Like Tiny said, NTEK has a timely product with a handful of guerilla managers that own the same stock I do. If they win I win.
Paul
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