Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Nanotech Entertainment Inc. (NTEK) Message Board

If the shorts have purchased enough shares to cove

Message Board Public Reply | Private Reply | Keep | Replies (2)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 96897
(Total Views: 534)
Posted On: 01/24/2018 5:06:22 PM
Avatar
Posted By: GoinSouth
Re: Dmars25 #87767
If the shorts have purchased enough shares to cover what they are short it would be foolish for them to continue to manipulate NTEK pps. My guess is that there is still a large short position. You have to remember that this stock had 3 billion shares as the O/S a few years ago. This was when NTEK was struggling and was in financial trouble. The sharks smelt blood in the water and when that happens they all get very greedy. If I were to guess I would say there were over 500 million short shares at that time (maybe alot more). They were trying to bankrupt NTEK so they did not have to cover. The R/S helped them to manipulate the price down more.

Once David Foley came back the sentiment changed somewhat and the longs started buying again. THEN, the unheard of thing happened! NTEK found someone to lend them money. Anyone willing to lend out 21 million (and more) is going to make sure there is a viable product. Now NTEK is not dependent on selling shares to raise money.

If feel like the shorts are keeping the pps down so they can cover on some of the shares. A big problem is that many longs are also buying shares to lower their average cost. If the shorts are naked on 10 to 20 million shares or more it takes a long time to get the shares. The total volume for the day is usually 200-400k. A portion of that is wash trades (a manipulation tactic) and a portion goes to people who are actually investing in NTEK (you and me). This does not leave many shares for the MM's to aquire. If they try to cover too fast they are in danger of driving the price up.

Things are building for a "perfect storm" type scenario where the demand is MUCH greater than the supply. That is why you hear so many longs talking about this thing exploding. Most longs have been in penny stocks for years and years and have seen it happen before. Every long knows that this .02 pps is artificial. There are thousands of stocks on the OTC that don't have anything going for them but have a higher valuation than NTEK based on the O/S and the pps. If I were to list the positives of NTEK it would take me half a day to exhaust the list.

Sorry to be so long winded but it seems like there are some new people on this board that need to understand what has happened to this company.


(22)
(0)




Nanotech Entertainment Inc. (NTEK) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us