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Network Media Group Inc V.NTE

Alternate Symbol(s):  NETWF

Network Media Group Inc. is a Canada-based company that develops, produces, and exploits film and television properties in addition to providing production services to third parties. The Company builds its production slate in two primary forms: documentary films and docu-series. The Company, through its subsidiary, Network Entertainment Inc., is a boutique film, television, and digital content production company that creates, finances, and produces programming for television, digital platforms, and movie audiences around the world. It focuses on developing its Non-Fungible Token (NFT) division. Network NFT Studios collaborates with IP owners, artists, and talents to create, distribute, and monetize digital collectible campaigns and related initiatives in the web3 universe. Network NFT Studios creates partnerships with creators from film, music, art, fashion, and sports to create NFT experiences and limited-edition collections. It works with broadcasters, distributors, and exhibitors.


TSXV:NTE - Post by User

Comment by JayBankson May 12, 2021 9:22pm
195 Views
Post# 33189068

RE:RE:RE:I filed a complaint with the BCSC about Network Media

RE:RE:RE:I filed a complaint with the BCSC about Network MediaNo I didn't know how long the contracts were, but nor did I care...

I like thier work, I like that the stock is somewhat predicatable range that I can play like a game...

Honestly, that's all I ran on when I started jumping in and out, everything else I've learned about the company I've picked up from reading company materials when they send it, sitting on a couple calls and an interview I seen with someone mighta been the president of the company. My favourite fact I found out was that they don't start filming a project until it's pretty much paid for, that means very little risk they will spend several hundred thousand on a project and it to flop and become a loss, if a show doesn't see the light of day, its already been paid for and it doesn't hurt thier bottom line. Their risk is that nothing is being produced/released and they have to pay general company expenses with little income (which is pretty much now). I learned that about 2 years ago just before the pandemic which they reiterated recently, last call or company release I forget which. I didn't do any due diligence other than just watching how it traded and seeing they had several bullets in the chamber coming out in the future...

I'm currently in with a loss, but I just sit around and it will eventually go back to a gain... I've been in and out like 8-10 times before... always a 1.5-4 cent gain per share... and I'm only usually in for like $4000 or less... so like 5% or less of my portfolio...
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