PART TWO: IS THIS A STOCK YOU SHOULD OWN?

Then whole thrust of this report is to offer an opinion on whether this is a stock you should own. As I write this, I own no shares of the Company’s stock. I have no warrants, or any other interest in shares of NTEK, long or short. I have had no contact with the company, nor have I spoken to any of their key advisors or others closely associated with the company.

The only issues I can see with the company is that it has a cutting edge product that needs much more attention in the media, particularly the tech media. While I see little value in their recently announced “UltraFlix” content, I know why they are doing it. They are simply trying to make sure that early adopters who are buyers have something to actually download and stream.

All of those issues can be solved with an aggressive marketing effort aimed at the tech media. They need to attend every event that is even somewhat closely related to their product and make double sure they get the attention they deserve. They need a real and substantial public relations firm pushing this. We are not talking about an investor relations firm. They have one listed, and that is meaningless at getting the word out.

I took note in the many Form 4 filings that the President and CEO had made, and all of them that I reviewed were acquisitions. This year he bought as high as thirteen cents this year and above that several times last year. It is not small amounts of money, either. These are very substantial purchases that likely go well over $1 million in total just in the past six or eight months.

That tells me CEO Jeffrey Foley is a believer, and he is getting all in.

Should you own it?

That is an individual question based on your own risk tolerances. The case for buying shares and holding them is made in my opinion as long as it is a modest amount, understanding that the entire industry might just jump over NTEK and do it all without them ever gaining a market. Still – they are there early. I think buying a limited number of shares and simply tucking them away for a year or two seems quite logical.