Todor Pichurov

NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Fails to Take Off

by Todor Pichurov April 29, 2015

After making two attempts to bounce from its new lows in April, NanoTech Entertainment, Inc. (OTCMKTS:NTEK, NTEK message board) stumbled on both counts. After a nice spike up on Friday, this week has dragged NTEK back down. The stock closed 5% down yesterday, on volume that swelled up to 19 million shares traded.

NTEK announced adding even more indie studio movies to its UltraFlix streaming catalog on Monday. The PR came on the heels of the Friday spike and was possibly hoping to extend that but this never happened. Now UltraFlix carries even more documentaries and a movie starring French superstar Gerrard Depardieu, whose name alone may be more exciting than the majority of the content UltraFlix offers.

NTEK was betting big on adding fresh box office smash hit “Interstellar” to the streaming service's lineup but the news only managed to get the stock over $0.02 for a brief while before it thundered down to new 52-week lows.

The company put up new PR yesterday, around noon, but that did even less for the share price. That may have to do with the nature of the news. NTEK announced acquiring and assigning the company's founder, Mr. Mark S. Morris as president of NTEK's mobile app subsidiary. products include some truly confusing apps such as PhotoUpLink and VideoUpLink.

PhotoUpLink, for example, is a piece of software that allows you to do a number of things that you can do all the same without it – upload photos and photo albums to Facebook and Tumblr or make photo tweets and attach “up to 10 images” to an email. The iOS app was last updated in 2012, has two customer reviews, both giving it one star, a total of 375 ratings and an average of 2.5 stars and also happens to have one of the most awkward interfaces we have come across.

As an added bonus, here is a shot of Torus – a mobile game by Mark S. Morris, which is also listed under “Products” on the website.

In light of the above, the fact that NTEK sailed to a close 5% in the red on heavy volume may seem a little easier to explain. 

Comments 3

1. Guest
November 06, 2015, 10:11AM

Quotes Looks very dim for Nanotech. I can only assume the angry folks here have something to lose if NTEK fails. That is no reason to rail against the author. If you have counter data, please provide it. Insults are pointless.

2. Guest
May 02, 2015, 09:25AM

Quotes Bwaaahaaahaha....another terrible article by this Bulgarian Mob hit job company. You get paid to write hack articles that only cover a tenth of the truth. Gerrard may be big in Europe close to were this ish site resides, but Ultraflix also has movies starring Matthew McConaughey, Clint Eastwood, Bruce Willis, The Rock, and many more. By the way, the Ultraflix app is now available on Vizio, Samsung, and Sony with many more tv manufactures coming soon. In fact, Vizio showcases Ultraflix in a commercial, and oh yeah, confirmed last night a running ad loop highlighting the NTEK property "Moving Murals" and logo shots of Ultraflix in.......wait for it......WAL MART. The largest retailer in the world! Time for you to climb back in your hole Todor, you pos!

3. Guest
April 29, 2015, 09:58AM

Quotes How does it feel to be a low-life stock bashing scumbag?

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