I’m a little surprised (or not, the more I think about it) at the reaction here to the SEC lawsuit. If the complaint is correct, the company never had revenue. All revenue came from us as shareholders, at the creation of a scheme by D.F. If almost any of what they say is true, the company is dead, been dead, and we all got played. There is no future for ntek. That being said, the SEC complaint represents an actual opportunity for investors to recoup some if not all of their losses, realized or unrealized.
By the end of my investing time I had figured out that things were not right. Reading the complaint made me really sad thinking about all the time, money, and hope that everyone here put into this company that we all thought was the little engine that could. People say the pink sheets are scammy, but we all picked outright fraud. And while it is never never explicitly mentioned, but this board is referred to at several points in the complaint. I supported the company, and I feel rotten that I encouraged friends to invest, and that my posts may have encouraged complete strangers to lose their money.
Despite what looks like a pretty open and shut case, many people here are still holding out hope for this company. I can’t tell if that is genuine, or if whatever scheme to support the company still operates. I know whenever I had any criticism of the company, it was deleted on this board within minutes, despite the fact I had spent years supporting ntek, so when I read about the social media support system, that read extremely true to me. I expect this will be deleted.
I have seen some posts over the last couple of days where people say “why do you care about telling people what to do with their money”. At this point I don’t think it matters if you buy sell or hold ntek stock, we are all in the same boat. I will tell that the day I sold my ntek, ate my losses, and stopped worrying everyday if I was being scammed was a good day. If you didn’t, I understand why. I had written off those loses, and I am hesitant to think that I might see some of that back, but still that hope is there now. The SEC looks like our best chance.
I guess what I wanted to say was that regardless of whether or not you sold and took losses or held on the bitter end, good luck to everyone. I hope we can all be made whole again.
By the end of my investing time I had figured out that things were not right. Reading the complaint made me really sad thinking about all the time, money, and hope that everyone here put into this company that we all thought was the little engine that could. People say the pink sheets are scammy, but we all picked outright fraud. And while it is never never explicitly mentioned, but this board is referred to at several points in the complaint. I supported the company, and I feel rotten that I encouraged friends to invest, and that my posts may have encouraged complete strangers to lose their money.
Despite what looks like a pretty open and shut case, many people here are still holding out hope for this company. I can’t tell if that is genuine, or if whatever scheme to support the company still operates. I know whenever I had any criticism of the company, it was deleted on this board within minutes, despite the fact I had spent years supporting ntek, so when I read about the social media support system, that read extremely true to me. I expect this will be deleted.
I have seen some posts over the last couple of days where people say “why do you care about telling people what to do with their money”. At this point I don’t think it matters if you buy sell or hold ntek stock, we are all in the same boat. I will tell that the day I sold my ntek, ate my losses, and stopped worrying everyday if I was being scammed was a good day. If you didn’t, I understand why. I had written off those loses, and I am hesitant to think that I might see some of that back, but still that hope is there now. The SEC looks like our best chance.
I guess what I wanted to say was that regardless of whether or not you sold and took losses or held on the bitter end, good luck to everyone. I hope we can all be made whole again.
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