Quote:2015 revs $14.3M 2016 revs $16M and with 2017 new content
coming + Akyumen sales + 4K Studios expansion at Studio
City and growth in 4K+HDR in general IMO NTEK can
do over $20M in 2017 and turn a profit , now that debt
is greatly reduced and cost structure much lower. http://investorshangout.com/post/view?id=4361952
Looks good, but doesn't tell the whole story.
Rev. increased at a good rate quarter over quarter in 2015, from $2.6 mln Q1 to 4.6 mln in Q4, even Q1-16 was higher at $4.8 mln, but then reversal set in. Each following Q less than the previous, with Q4-16 at $ 3.6 mln, or 25% less than Q1-16, and back at the same level as Q2-15, before Paramount even appeared. Not the kind of trend to be happy about.
And Q4-16 results include the 50% of UF movies (300+ Paramount a-list movies) that have been removed from UF now, and replaced by nothing comparable so far.
Now the "disclosures". Discrepancies have been found before between quarterly disclosures, with dates/numbers being omitted/added/changed.
They are at it again:
Q3 disclosure (Jul. 28th - Sep.30th)
Quote:On July 28, 2016 , Issued Lisa Foley, unrelated and non-affiliated investor, 4,250,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On September 1, 2016 , Issued Lisa Foley, unrelated and non-affiliated investor, 5,250,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On September 1, 2016 , Issued Lisa Foley, unrelated and non-affiliated investor, 5,250,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On September 21, 2016 , Issued Lisa Foley, unrelated and non-affiliated investor, 5,250,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On September 15, 2016 , Issued Royal Capital Group, unrelated and non-affiliated investor, 5,000,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On September 30, 2016 , Issued Royal Capital Group, unrelated and non-affiliated investor, 5,000,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note
Compare to the Q4 disclosure:
Quote:On July 28, 2016 , Issued Lisa Foley, unrelated and non-affiliated investor, 4,250,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On September 21, 2016 , Issued Lisa Foley, unrelated and non-affiliated investor, 5,250,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On September 30, 2016 , Issued Royal Capital Group, unrelated and non-affiliated investor, 5,000,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
On October 6, 2016 , Issued Lisa Foley, unrelated and non-affiliated investor, 5,250,000 shares of restricted common stock containing the restrictive legends as part of a conversion of a convertible debenture from a cash investment, used to reduce debt and increase the company's cash position by the same amount covered in a convertible note.
No more mention of 10.5 mln shares to Lisa Foley (Sep.1st) or the 5 mln to Royal Cap Grp on Sept. 15th. that appeared in Q3 disclosures.
Somebody messed up, or what has happened there ?
Which one is correct ? Do they actually know who received how many shares ?
Taken all "disclosures" into account, and since the RS on Jul.13th, Royal Capital received 25 mln shares (627.5 mln pre-split), while Lisa Foley received no less than 33.75 mln shares (equals to 847.1 mln pre-split).
According to the published disclosures, all together, Royal Capital and Lisa Foley received so far 105 mln NTEK shares, of the 140 mln shares outstanding (ref. OTC NTEK share structure).
More or less, that is.
