Stockman NTEK has a mkt cap of $3.2M with trailing
Post# of 96879
revs of $17M+. By any reasonable measure even among
pink sheet penny stocks that is an EXTREME undervalution.
The reason the stock price is so low relative to its revenues
is because since April of 2016 NTEK revenues have been
declining and at the same time NTEK has diluted MILLIONs
of shares almost on a monthly basis.
The main reason revenues have declined last 9 months
is NTEK has not added any NEW CONTENT to Ultraflix.
Just look back to March 2016 when NTEK was still adding
New Content + Adding New Platforms to UF + dilution had
stopped for awhile and that combo had NTEK stock trading
at .35+ !
So the good news going forward form here is NTEK has gotten most
of its DEBT paid off + got its Cost Structure dramatically
reduced. Those two factors should greatly reduce the need
for more dilution going forward.
So the #1 factor going forward is can NTEK secure
ALIST NEW CONTENT that will re-accelerate revenues.
IF they do then imo we'll see the stock price move back
up to that .35 high on March 2016.
But if they can't secure NEW ALIST CONTENT then the
stock will continue to flat line or even go lower.
We should know the truth about what if any NEW CONTENT
NTEK has secured within the next few days because
the PARAMOUNTS begin to expire on contract beginning
in January. If NTEK has a plan in place ready to replace
the PARAMOUNTS with NEW CONTENT then its all
systems go ! If they don't then we'll likely see more
dilution until such time as they have the Funds to secure
New Content.
Imo its a pretty good bet they do have a solid plan in place
for 2017 that will re-accelerate revenues especially now
that David Foley is back.