Dragni Dragnev

NanoTech Entertainment Inc. (OTCMKTS:NTEK) Falls Even Further

by Dragni Dragnev April 8, 2016

In our previous articles on NanoTech Entertainment Inc. (OTCMKTS:NTEK, NTEK message board), we warned investors of the huge risks of the ticker crashing, and doing so sooner rather than later – and true to form, NTEK did just that.

While the crash that the ticker suffered was certainly sudden and dramatic, it should not have been unforeseen. After all, the pitfalls NTEK has created for its investors are quite obvious, once some due diligence is done.

The first hint that something is very wrong with NTEK can be found at the very beginning of its latest financial report. The fact that its share issuance history takes up more than five pages of said report is indicative of the way NTEK does business.

And it's not like those are records of “ye olden times”, chronicles of events long past that are lost in the mists of time. No, the share issuance has continued right up until the finish of the reported quarter ended Dec. 31, 2015.

In fact, a quick look reveals that only 724 million of the 1.65 BILLION shares that the company had at the end of 2015 were outstanding at the beginning of said year.

Investors would do well to also note that while that second number is thoroughly horrifying, there is no actual guarantee that it is actually current. It says in the report that that was how many shares NTEK had outstanding more than three and a half months back. Who knows how many there are now? We may not know for another month or so, as that is approximately when the next NTEK report is due.

In conclusion – rampant share issuance is choking the life out of NTEK investor value. It would probably be safe to assume that it is responsible for the crashes that the ticker keeps experiencing. Investors definitely need to take that into account when making up their minds about NTEK.

Comments 4

1. Guest
May 12, 2016, 03:04PM

Quotes the crooks/folks who run NTEK are stealing innocent investor/shareholders money and most of those investments became near nothing or worthless now. The dilution continues, another huge dilution is coming as the CEO incharge sent emails to investors of increasing outstanding shares to fund activities that means, further sub penny to sub sub penny is in the making and no one is sending them to jail, the SEC's perhaps impotent that despite so many complaints they have not taken any serious action on ntek?

2. Guest
May 03, 2016, 03:21PM

Quotes It is clear that NTEK is a Scam. It's founder in prison and fake company started right before he was incarcerated issued close to a billion shares which were sold relentlessly. That is, he was making millions while in jail. What more IR first denied Royal Capital (said investment company) anything to do with Foley (felon) but later recanted and stated it was payment for salaries and loans. Interestingly in the financial reports Royal Cap designated as an unaffiliated and unassociated investor when all along it was the founder. Last week NTEK had a surprise increase in A/S as the previous two shareholders letters one last montg stated nothing if the same. Another SHL yesterday confirmed a R/S coming shortly. Truly a pink scam and anyone who says otherwise is either a bagholder or insider with this pump and dump.

3. Guest
April 11, 2016, 01:03PM

Quotes ahahahaaaaa.......he has to buy his bread and butter by bad mouthing a company like NTEK, this guy has no clue about what Nanotech is doing and its future..!!

4. Guest
April 08, 2016, 04:03PM

Quotes Hotstocked is basically inbred bulgarians that couldnt get their jobs back as pig F&ckers so they took this instead. Tell me this guy doesn't look inbred.

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