Date: Wednesday 2018-08-29 Dear AllanC/SilentPart
Post# of 96891
(Total Views: 628)
Posted On: 08/29/2018 4:36:11 PM
Date: Wednesday 2018-08-29
Dear AllanC/SilentPartner: Re: NTEK down but not out
Yes! Kudos to David Foley et al for persevering. All going well NTEK should bounce back strongly but when roughly not clear. However, if the two sets of financiers who have promised separately to fund NTEK had extended a gesture of goodwill, David would not be in such an awkward position before us shareholders. I am referring to financier No1 who has promised US$ 21 million for over 1 year but to no avail. Likewise, financier No2 who would commit bridge loan US$ 5million but again to no avail. Suppose either of them had offered $ 2 million, NTEK would not be in such a delicate state.
The rest of the story might be of interest to "longs" (longterm shareholders), The story involves Mitch Lowe CEO (Chief Executive Officer) of a similar company called MoviePass. Lowe is an ex-senior executive of NTEK hence a colleague of David et al. MoviePass is a subscription movie ticketing service company; fees levied US$ 20 down to US$9.95 per month. MoviePass is private having been bought by parent company HMNY (Helios and Matheson Analytics) Incorporated.Initially, the "marriage went well. Later, however, customers stopped buying tickets to go to the movie theaters. Hence the share price of HMNY plummetted. Take OS (shares outstanding) 637 million; in a span of 1 year from 2017-10-11 to date Wed 2018-08-29, the price had fallen from US$ 9714 to US$ 0.02 per share. More than 99.99% drop! The price movement analogous to a rocket wobbling out of control!. HMNY/MoviePass are revisiting their subscription model for improvement. If they succeed they might survive. If not they will collapse, as they are out of cash. Meanwhile, lawyers have launched suits against HMNY. Familiar? Now clear why NTEK uneasy about subscription, fee opting instead for "pay-per-view model".
Ref: wwww.businesswire.com/news/ www.hmny.com
Bonis Omnibus (Prosperity for All)
Dear AllanC/SilentPartner: Re: NTEK down but not out
Yes! Kudos to David Foley et al for persevering. All going well NTEK should bounce back strongly but when roughly not clear. However, if the two sets of financiers who have promised separately to fund NTEK had extended a gesture of goodwill, David would not be in such an awkward position before us shareholders. I am referring to financier No1 who has promised US$ 21 million for over 1 year but to no avail. Likewise, financier No2 who would commit bridge loan US$ 5million but again to no avail. Suppose either of them had offered $ 2 million, NTEK would not be in such a delicate state.
The rest of the story might be of interest to "longs" (longterm shareholders), The story involves Mitch Lowe CEO (Chief Executive Officer) of a similar company called MoviePass. Lowe is an ex-senior executive of NTEK hence a colleague of David et al. MoviePass is a subscription movie ticketing service company; fees levied US$ 20 down to US$9.95 per month. MoviePass is private having been bought by parent company HMNY (Helios and Matheson Analytics) Incorporated.Initially, the "marriage went well. Later, however, customers stopped buying tickets to go to the movie theaters. Hence the share price of HMNY plummetted. Take OS (shares outstanding) 637 million; in a span of 1 year from 2017-10-11 to date Wed 2018-08-29, the price had fallen from US$ 9714 to US$ 0.02 per share. More than 99.99% drop! The price movement analogous to a rocket wobbling out of control!. HMNY/MoviePass are revisiting their subscription model for improvement. If they succeed they might survive. If not they will collapse, as they are out of cash. Meanwhile, lawyers have launched suits against HMNY. Familiar? Now clear why NTEK uneasy about subscription, fee opting instead for "pay-per-view model".
Ref: wwww.businesswire.com/news/ www.hmny.com
Bonis Omnibus (Prosperity for All)
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