D111, Yes NTEK needs to perform and that is what they are
D111, Yes NTEK needs to perform and that is what they are trying to do. The stock shot up rapidly presplit from .01 to .17 with the launch of their top box. The decision was made to provide applications for 4K sets to accommodate Ultraflix and it was a big effort to get the Apps on many different platforms. During that time the pps began to drift lower and lower. They had to plunk out a million for Intersteller to show off the quality of their product to Paramount before a deal could be made for content. Shares had to be sold to raise capital to pay administrative expenses It got to point that stock was sub-penny and they could no longer keep selling billions of shares sub penny to raise funds which resulted in 25.1 split and immediate dilution again to pay the bills. Now that NTEK is on the majority of the major platforms content is needed. To get content you need funding. Funding buys content. Content produces revenue. Revenue produces profit. Profit produces higher stock prices. Higher stock prices produces happy investors. This is the goal the company has related to us and is pursuing. Startups take time and NTEK is on the verge of advancing business plan rapidly with pending funding that has been agreed to.
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