Ok My turn - I was there also - Anunatak and Dr
Post# of 96879
(Total Views: 632)
Posted On: 01/19/2018 10:52:43 PM
Ok
My turn - I was there also - Anunatak and Drizzle did a nice job of summarizing the meeting
I will add some facts that I think need emphasis and then will try to give an overall sense of the meeting
1. You want right now? Now that we have a BOD that can agree to a deal the 21,000,000 will be partially drawn this month.
The first focus will be deals with 6 content providers to provide up to 2500 titles that will be uplifted by June/July - most much earlier. David said that much of the 4K systems processing has been done for many of these movies, but never posted on the calendar because there was no expectation that they would be available prior to a final deal. Appears to me to have been done on a good faith basis. Restate that NTEK will not earn money for the upgrade, but will pay a much smaller 5000 per movie entry fee
The second focus will be 100 mergers with Illuminate Hollywood and Color a gogo
I should tell you that David answered questions in the full meeting until we were done asking; and then several of us stayed for another social hour or two and David stayed and conducted a free flowing question and answer session with myself, Zanntn, IPMG, LaJet and Fuja. Nothing was off the table and we asked everything we could think of.
Then Zanntn, IPMG, LaJet, Fuja and I had supper and beers and talked some more.
Yes - this is a risky small business, but it is a real business with real potential and David is a survivor that will not quit; not on himself and not on us
2. I do not get the impression that there is a monster short position ready to bleed red for us. Somehow, someway I think most of the short position has been masterfully handled and is not a true double sided blade. WS didn't get rich for no reason at all.
The upside of that is that all WS has to do is allow themselves to see a future in a higher price and they may join us on the way back up. Bottom line is exactly what David is laser focused on - Revenues and performance
3. Gulas was not good for NTEK and NTEK was not a good fit for his movie theatre business. The Movie theatres have to have a reel - they cannot fail due to an internet failure.
4. I do like the smaller potential shares outstanding and they do intend to support the share price with buybacks
5. The audits are expensive because they have to pay for several years back in time. Going back in time makes it easier to provide 2 years audited financials to eventually move to a better market. Nasdaq not in the cards this year.
6. 3.0 is a huge project and is not ready yet, but we are already enjoying the benefit of peices of the upgrade like surround sound and REACT (I think he said react). Bottom line is that they are making better perfomance available in advance of formal complete launch
7. also a huge deal, Hybrix and new fiber bandwith deals will help us take a cost of delivery per movie down from 1.67 to .12. This is huge. Updates to our already uploaded moves can take 12 minutes instead of 19 hours
David thinks that our going forward technology and significant content will converge in about 6 months.
Paul
My turn - I was there also - Anunatak and Drizzle did a nice job of summarizing the meeting
I will add some facts that I think need emphasis and then will try to give an overall sense of the meeting
1. You want right now? Now that we have a BOD that can agree to a deal the 21,000,000 will be partially drawn this month.
The first focus will be deals with 6 content providers to provide up to 2500 titles that will be uplifted by June/July - most much earlier. David said that much of the 4K systems processing has been done for many of these movies, but never posted on the calendar because there was no expectation that they would be available prior to a final deal. Appears to me to have been done on a good faith basis. Restate that NTEK will not earn money for the upgrade, but will pay a much smaller 5000 per movie entry fee
The second focus will be 100 mergers with Illuminate Hollywood and Color a gogo
I should tell you that David answered questions in the full meeting until we were done asking; and then several of us stayed for another social hour or two and David stayed and conducted a free flowing question and answer session with myself, Zanntn, IPMG, LaJet and Fuja. Nothing was off the table and we asked everything we could think of.
Then Zanntn, IPMG, LaJet, Fuja and I had supper and beers and talked some more.
Yes - this is a risky small business, but it is a real business with real potential and David is a survivor that will not quit; not on himself and not on us
2. I do not get the impression that there is a monster short position ready to bleed red for us. Somehow, someway I think most of the short position has been masterfully handled and is not a true double sided blade. WS didn't get rich for no reason at all.
The upside of that is that all WS has to do is allow themselves to see a future in a higher price and they may join us on the way back up. Bottom line is exactly what David is laser focused on - Revenues and performance
3. Gulas was not good for NTEK and NTEK was not a good fit for his movie theatre business. The Movie theatres have to have a reel - they cannot fail due to an internet failure.
4. I do like the smaller potential shares outstanding and they do intend to support the share price with buybacks
5. The audits are expensive because they have to pay for several years back in time. Going back in time makes it easier to provide 2 years audited financials to eventually move to a better market. Nasdaq not in the cards this year.
6. 3.0 is a huge project and is not ready yet, but we are already enjoying the benefit of peices of the upgrade like surround sound and REACT (I think he said react). Bottom line is that they are making better perfomance available in advance of formal complete launch
7. also a huge deal, Hybrix and new fiber bandwith deals will help us take a cost of delivery per movie down from 1.67 to .12. This is huge. Updates to our already uploaded moves can take 12 minutes instead of 19 hours
David thinks that our going forward technology and significant content will converge in about 6 months.
Paul
(42)
(1)Nanotech Entertainment Inc. (NTEK) Stock Research Links
Scroll down for more posts ▼