I have a different impression of NTEK's debt. Yes
Post# of 96879
Posted On: 11/23/2016 12:30:54 PM
Re: mikemc1001 #69661
I have a different impression of NTEK's debt. Yes it is in the form of toxic debt, meaning it can be a short's heaven, but this debt holder just allowed payment without dilution in the amount of 1,200,000 plus dollars.
If you look at the financials you can see all of the times NTEK turned to the same letter for financial survival. Whether that was a good idea or simply life and death; the holder just backed away from an opportunity to grab a huge ownership interest.
Bottom line is that we are still here to fight another day.
All of that income we have been declaring for 4k updating came after we uploaded the first third of Paramount's movies 10-11 months ago. So someone is paying us to update movies that we aren't seeing yet.
If you listen to Moss and other posters on this board who are actively buying 4K UHD TV's today, the stores are already inventory tight and Black Friday hasn't arrived yet. Best Buy doesn't need our news to sell tvs.
That tells me that it is not our time yet. Foley is soon to be released, but that may just be the stated reason for delay.
NTEK just got done proving that they don't need stock issuances to keep the lights on. New servers, 75% reduction is significant costs, "Toxic" debt reduced by 80% or so.
Yes it hurts. I would so like to be able to point to my stock holdings and declare myself to be a success, and get ready for warm winters, travel, retire, Mazeratti...
I AM IN
Paul
If you look at the financials you can see all of the times NTEK turned to the same letter for financial survival. Whether that was a good idea or simply life and death; the holder just backed away from an opportunity to grab a huge ownership interest.
Bottom line is that we are still here to fight another day.
All of that income we have been declaring for 4k updating came after we uploaded the first third of Paramount's movies 10-11 months ago. So someone is paying us to update movies that we aren't seeing yet.
If you listen to Moss and other posters on this board who are actively buying 4K UHD TV's today, the stores are already inventory tight and Black Friday hasn't arrived yet. Best Buy doesn't need our news to sell tvs.
That tells me that it is not our time yet. Foley is soon to be released, but that may just be the stated reason for delay.
NTEK just got done proving that they don't need stock issuances to keep the lights on. New servers, 75% reduction is significant costs, "Toxic" debt reduced by 80% or so.
Yes it hurts. I would so like to be able to point to my stock holdings and declare myself to be a success, and get ready for warm winters, travel, retire, Mazeratti...
I AM IN
Paul
(5)
(0)Nanotech Entertainment Inc. (NTEK) Stock Research Links
Scroll down for more posts ▼