Many thanks to those who attended the Share Holder Meeting and have posted their contributions, assessments and validations of information presented by David Foley. I must admit some very comprehensive information disseminated and I was very glad to attend. A great thanks goes out to anunatak for such a comprehensive report, nothing missed! I commend David for giving his presentation being in my opinion truthful, factual and in a sense difficult to present a meeting with starting a meeting with the ugly, the bad and the good and yes in that order. The ugly being the lawsuits with LLC, K2, 3D channel. Now with funding these suits were disputes over contract terms now being settled by our new CEO of UltraFlix Rod Riegal who has a good basis knowing the principle’s of these companies. The bad news, being the content being stagnate. The loss of Paramount, loss of staff (going from 50+ down to presently 13 positions) and the stop sign on the symbol. I do expect with the now announced directors as of the SHM the new application process will now be submitted this week and the Caveat Emptor symbol will be removed in the next two weeks. The revenue declined with loss of content and has prevented solid revenue growth ultimately creating the shorting and manipulation. Long story short, once UltraFlix starts performing and showing revenues and profits it will very difficult for the shorting and MM's to control the day to day as volume increases and more so as substantial profits are attained.
The creation of these new management /director positions feeds much needed new life into UltraFlix and allows David to focus and concentrate on the technical aspects of the company. I could not be more pleased with this arrangement with the knowledge D. Foley has for this technology is unsurpassed presently in the 4K world of technology. It never ceases to amaze me how David is several steps ahead of the growth of 4K and all its aspects. The complexity and continually changes. Foley puts in 14-16 hours a day working along with building version 3.0. It will meet the demand of future streaming and beyond into 8K. For those who think 3.0 is delayed please realize that Ultraflix is a single code base and there are over 22 manufacturers chips sets they are dealing with. Technically in order to do this project properly David said it should have 20 people on it and he would give them 9 months to complete it. Presently he has himself and 4 other programmers working countless hours to build this platform. The good thing about this and I feel confident in his telling us that within the next 6 months we will see version 3.0 delivered and run as flawlessly as one could ask for given the complexity of this endeavor. Another point David made is once the content is on (mention here of up to 2,500 films) the TV manufactures will jump on board with advertising Ultraflix on packaging because it will bring more eyeballs to selling their TV's. I sense Hisense could be one if not the first to display the UF APP both on screen and box and who knows someday possibly remotes!
Based on what David conversed after the meeting with a few of us I believe we shall see impressive profits with 3.0 in place for the 4 quarter. He says 4th quarter is always most active after Halloween, with 4 -5 days around Thanksgiving and the second week of December though the first week of Jan. are the biggest of the year. Don't look to sports being a big piece of things going forward as he says it's not a big money maker. Serial content from secondary market content providers can bring in additional revenue. Myron being CEO of Ultra Media Group has a lot of contacts in this area. Bottom line is David has done a fantastic job of bring down the content cost. Last year at this time NTEK was paying a $1.10 to stream at network cost. Today David has it down to $62 cents and next year it will be under 15 cents! The margins could be astronomical with that reduction! I like that the conservative approach on gross and net are what it is for 2018. No doubt in my mind as anunatak mentioned and said it well: STUDIOS WANT US, TV MANUFACTURERS WANT US. 4K USERS AND CONSUMERS JUST NEED TO LEARN ABOUT US AND THEN WE WILL BE GOLDEN!!!!
The creation of these new management /director positions feeds much needed new life into UltraFlix and allows David to focus and concentrate on the technical aspects of the company. I could not be more pleased with this arrangement with the knowledge D. Foley has for this technology is unsurpassed presently in the 4K world of technology. It never ceases to amaze me how David is several steps ahead of the growth of 4K and all its aspects. The complexity and continually changes. Foley puts in 14-16 hours a day working along with building version 3.0. It will meet the demand of future streaming and beyond into 8K. For those who think 3.0 is delayed please realize that Ultraflix is a single code base and there are over 22 manufacturers chips sets they are dealing with. Technically in order to do this project properly David said it should have 20 people on it and he would give them 9 months to complete it. Presently he has himself and 4 other programmers working countless hours to build this platform. The good thing about this and I feel confident in his telling us that within the next 6 months we will see version 3.0 delivered and run as flawlessly as one could ask for given the complexity of this endeavor. Another point David made is once the content is on (mention here of up to 2,500 films) the TV manufactures will jump on board with advertising Ultraflix on packaging because it will bring more eyeballs to selling their TV's. I sense Hisense could be one if not the first to display the UF APP both on screen and box and who knows someday possibly remotes!
Based on what David conversed after the meeting with a few of us I believe we shall see impressive profits with 3.0 in place for the 4 quarter. He says 4th quarter is always most active after Halloween, with 4 -5 days around Thanksgiving and the second week of December though the first week of Jan. are the biggest of the year. Don't look to sports being a big piece of things going forward as he says it's not a big money maker. Serial content from secondary market content providers can bring in additional revenue. Myron being CEO of Ultra Media Group has a lot of contacts in this area. Bottom line is David has done a fantastic job of bring down the content cost. Last year at this time NTEK was paying a $1.10 to stream at network cost. Today David has it down to $62 cents and next year it will be under 15 cents! The margins could be astronomical with that reduction! I like that the conservative approach on gross and net are what it is for 2018. No doubt in my mind as anunatak mentioned and said it well: STUDIOS WANT US, TV MANUFACTURERS WANT US. 4K USERS AND CONSUMERS JUST NEED TO LEARN ABOUT US AND THEN WE WILL BE GOLDEN!!!!
39
