Well, it's a violation of SEC rules if it's genuin
Post# of 2009
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Posted On: 09/28/2017 6:38:34 AM
Well, it's a violation of SEC rules if it's genuine insider info. But maybe what was said on the other board isn't insider info after all, but just pump and lies, maybe even steered by someone (or the only one left) inside NTEK?
Indeed, the only "proof" regarding those $21mln you can find, besides talk on the NTEK board, is that Bridgeport/Smaran "Proof of Funds Letter" dated March 31st, and which bears no hand-written signature. So could be fake or without value.
That letter states "We anticipate the closing of the first round of funding with funds transferred to NTEK no later than April 7."
From the Q1 filing :
And then the famous 4kStudios remastering calendar which is no longer mentioned, is empty since the end of August.
And where is the content that was according to this calendar handled by 4K studios since May?
Oh yes, wasn't there talk about it on the other board, that "IR" (LOL) told someone they are too busy at 4K studios to update the calendar ?
Even nothing new from Iron Dragon TV that seems to still support Ultraflix/NTEK.
So what is it ?
Did they receive the funds ?
Did the agreement bounce because the investor is no longer interested in NTEK shares after doing his DD, or was it all a hoax ?
Also the fact that on two occasions, when somebody from the other board stopped by the San Jose office, it was found to be closed. Nobody there. (Too busy ??)
Stuff to think about.
Ivan Gulas stated under oath in his affidavit of July:
"The intended CEO position of Ultraflix was intended by everyone to commence once the illusive "funding" event took place, because the company was obviously insolvent and without any ability to operate as a business without such funding"
That statement was made by an insider. All the rest is speculation.
Indeed, the only "proof" regarding those $21mln you can find, besides talk on the NTEK board, is that Bridgeport/Smaran "Proof of Funds Letter" dated March 31st, and which bears no hand-written signature. So could be fake or without value.
That letter states "We anticipate the closing of the first round of funding with funds transferred to NTEK no later than April 7."
From the Q1 filing :
Quote:Still, after 5 months "DD", there is no proof that these funds were received by NTEK and used to beef up Ultraflix. No new Ultraflix content agreements, no Paramount renewal, no new content, no "Ultraflix 3.0", no marketing, all of which this funding was needed for. That funding was also supposed to provide for a Ultraflix CEO by the name of Gulas, but that we know didn't happen.
On March 3, 2017 the company issued a convertible debenture for an investment of $21,000,000 to be completed within 90 days upon completion of due diligence.
And then the famous 4kStudios remastering calendar which is no longer mentioned, is empty since the end of August.
And where is the content that was according to this calendar handled by 4K studios since May?
Oh yes, wasn't there talk about it on the other board, that "IR" (LOL) told someone they are too busy at 4K studios to update the calendar ?
Even nothing new from Iron Dragon TV that seems to still support Ultraflix/NTEK.
So what is it ?
Did they receive the funds ?
Did the agreement bounce because the investor is no longer interested in NTEK shares after doing his DD, or was it all a hoax ?
Also the fact that on two occasions, when somebody from the other board stopped by the San Jose office, it was found to be closed. Nobody there. (Too busy ??)
Stuff to think about.
Ivan Gulas stated under oath in his affidavit of July:
"The intended CEO position of Ultraflix was intended by everyone to commence once the illusive "funding" event took place, because the company was obviously insolvent and without any ability to operate as a business without such funding"
That statement was made by an insider. All the rest is speculation.
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