So this is a message that I have sent to some frie
Post# of 96879
(Total Views: 552)
Posted On: 02/06/2018 2:19:16 PM
So this is a message that I have sent to some friends trying to recommend NTEK and many have bought. Also, convinced my mother-in-law to buy so that really shows you how much confidence I have in NTEK and how much I REALLY need NTEK to come through....lol. So I am a serious amateur in understanding and explaining shorts and I understand this may be littered with inaccuracies but it was my best effort on what I attempt to understand:
If you got the shareholders report, the past management team didn't fulfill certain requirements with the OTC and the OTC put that buyer beware on. The company has hired an SEC lawyer and is dealing with it right away to get settled very soon. They have some clean-up of past management mistakes but that is why stock is at 2 cents and not much higher like it used to be. Some manipulators are trying everything to bankrupt the company (which was possible about 4-5 months ago) but now the company is too strong and has too many good plans in place. They have a brand new Ultraflix 3.0 product coming out this year, a brand new management team with a CEO who has 20+ year connections to the big 6 (Sony, Paramount etc.), some of the best technology in the market that has both drastically reduced remastering movies to 4k in both time and money, they now have huge financial backing as they received a 21 million dollar loan and 10 more behind that to develop content for their streaming product (that was their biggest downfall in past), a share buyback coming this year which will drastically reduce number of shares available and make existing shares much more valuable and lastly a possible connection to the 3rd largest TV manufacturer in the world. Many more I am not even listing but I have done more research on this than imaginable. As I have followed it for 6-8 months intently, I have seen it progress from potential bankruptcy to a company that I see being a major player in the 4k streaming world. That is why I waited so long to recommend this to others (you are one of 20 I told about this in the last month) because I had to make sure the company was going to make it. Not only are they going to make it but I think they are going to make it big.
The people that are manipulating this company (shorts, naked shorts) are in panic mode because they are holding a lot of short non-existent shares that they ultimately have to cover. So when they short buy the stock (betting against it), brokers are, sometimes legally and sometimes illegally, issuing them non-existent shares at the current price. So if the price is 2 cents per share, these shorts are hoping the stock goes down or the company goes out of business. Lets say it goes down to 1 cent, now the shorts cover the shares they owe and they doubled their money. Conversely, if the stock goes up to 4 cents, they now have to cover their shares at double the price and they lose half their money. If they don't cover and continue to hold these naked shares, they stand to lose a ton if the stock goes up a lot. There is no cap on what they can lose.
When the share buyback takes place and shares become more and more scarce, these people are going to have a very hard time covering all their short plays (a lot out there). With the current plans in place and increased revenues and lessening costs, the share will increase and the scarcity of shares plus shorts covering their position will make it explode. Best way I can say it is a storm is brewing and in this case, that is a very good thing. By end of 2018, this stock is going to be way up.
If you got the shareholders report, the past management team didn't fulfill certain requirements with the OTC and the OTC put that buyer beware on. The company has hired an SEC lawyer and is dealing with it right away to get settled very soon. They have some clean-up of past management mistakes but that is why stock is at 2 cents and not much higher like it used to be. Some manipulators are trying everything to bankrupt the company (which was possible about 4-5 months ago) but now the company is too strong and has too many good plans in place. They have a brand new Ultraflix 3.0 product coming out this year, a brand new management team with a CEO who has 20+ year connections to the big 6 (Sony, Paramount etc.), some of the best technology in the market that has both drastically reduced remastering movies to 4k in both time and money, they now have huge financial backing as they received a 21 million dollar loan and 10 more behind that to develop content for their streaming product (that was their biggest downfall in past), a share buyback coming this year which will drastically reduce number of shares available and make existing shares much more valuable and lastly a possible connection to the 3rd largest TV manufacturer in the world. Many more I am not even listing but I have done more research on this than imaginable. As I have followed it for 6-8 months intently, I have seen it progress from potential bankruptcy to a company that I see being a major player in the 4k streaming world. That is why I waited so long to recommend this to others (you are one of 20 I told about this in the last month) because I had to make sure the company was going to make it. Not only are they going to make it but I think they are going to make it big.
The people that are manipulating this company (shorts, naked shorts) are in panic mode because they are holding a lot of short non-existent shares that they ultimately have to cover. So when they short buy the stock (betting against it), brokers are, sometimes legally and sometimes illegally, issuing them non-existent shares at the current price. So if the price is 2 cents per share, these shorts are hoping the stock goes down or the company goes out of business. Lets say it goes down to 1 cent, now the shorts cover the shares they owe and they doubled their money. Conversely, if the stock goes up to 4 cents, they now have to cover their shares at double the price and they lose half their money. If they don't cover and continue to hold these naked shares, they stand to lose a ton if the stock goes up a lot. There is no cap on what they can lose.
When the share buyback takes place and shares become more and more scarce, these people are going to have a very hard time covering all their short plays (a lot out there). With the current plans in place and increased revenues and lessening costs, the share will increase and the scarcity of shares plus shorts covering their position will make it explode. Best way I can say it is a storm is brewing and in this case, that is a very good thing. By end of 2018, this stock is going to be way up.
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