Neeeewbies! ...Come out, come out wherever you are!And grab a seat. You are in a dark forest in a region called "NTAR Promises Land." many many bad people there -- only lies.
But wait. Here comes a Knight in Shining Armour" to guide you awat from shills, hypesters, and peddlers of deception! His name is Erik the Auditor.
Lesson 1; Place 0.001% faith in anything from the ntar Pump Factory aka videos,. paid pumpers, and late in day trade stock manipulation.
Saith Erik .... and the audited statement on sedar.com
- Revenues - sliced in half -- wow! But the pumpers said!
- Dilution - yup
- RS - imminent
- Related party transaction self-dealing - huge
- Drying volume - check
- Illiquidity - coing concern note, so Roger That
- Window dressing and asset transfers a la Spinco - You ain't seen nutin (sic) yet
- Wind down Orig Co. - imminent; 11,000,000 options will be sold soon and NTAR goes bye bye
- Insider selling - been there done that as f/s notes show
- Delisting if < $1 - multi whistleblower complants to SEC takes 5 minutes
- Price always down after PR - raelly, ya think?
- Relentless shorting - easy money
- Hindenburg (not the dirigible) - price target of ) so they ywere right ! They are CFAs!
- AR fairy dust as tiny % total sales - was wrong, they are now 0% soon; can't make pet money during pandemic pet bull mkt? looozzz-eh-herrrrrs
- Loss leader AR sales (negative margin) - fairy dust
- Endless PRs for free givaway of a test kit SDK (looks like a sale) - yup
- PRs devoid of verifiable facts - not audited f/s's no siree Bob they speak TRUTH
- PRs only prognosticate, predict, and p-off smart people - or fantasize, see this PR
- Imminent bad financials - not imminent any more - confirmed as even worse that thought
- Imminent uplist - freebee let's keep the fantasy alive !
- Hindenburg price target - check
- Seeking Alpha short recommendation - check
- Promises unfulfilled - yup, this report seals the coffin
Now the real meaning of PR headlines....
Q2 delivered 30% Sequential growth in Annual Recurring Revenue to almost $1 million > translated as rounding 700k to $1m; 30% off of a small base; neighborhood dry cleaner makes $2m/month with 2 stores, lol. CEO is taking investors to the cleaners ... what ntar is really saying is "dumb investors don't even understand my hype or PRs so I'm milking them
Q2 showed a record 40% growth in Web3.0 3D modeling revenue > but the associated cost of revenue was 164% of that revenue; 40% off of a teeny weeny base of loss leader sales of SDKs
Record Q2 Annual Recurring Revenue And Repeat Revenue at $1,566,000 > Dumb investors won't see that that includes the segments I'm getting rid of... stupid longs I say
Q2 cash burn decreased to $1 million per month, the Company expects an expense reduction of $500K/month in the 2nd half of 2022 > because employees are leaving not becaise of right sizing
They financial statement say, well that's another post.
But here's a teaser. CEO added 11,000,000 options at 50 cents a month ago. Before he tranfers all ntar liquid assets to Spinco, he will probably sell those options, say hasta la vista to ntar, and rinse repeat with Spinco.
Also check out the f/s's for self dealing in the Related Party Transaction notes.
Stay tuned! Folks, you can either believe the endless self-serving PRs, or the AUDITORS. But hey, it's just ...
All in my opinion ! And Erik's
Constantine