The PAINFUL FACTS: 11,000,000 new printed FoleyShares every single month and 13,525,154 restricted shares EVERY SINGLE MONTH on average being dumped into the free-trading market for 8 months! What a dilution machine the FoleyFamily has got running here. No wonder the PPS is tanking - that's more than 500,000 newly printed shares EVERY TRADING DAY and more than 675,000 newly delegended, previously restricted NTEK stock shares that needs to be absorbed into the market each and every trading day on average for the last 8 months!!!!!.
That's a money-printing, share printing and distribution rig job, insider enrichment scheme of the highest order.
All by selling promises, unfulfilled, and excuses, piled high, while printing and selling 500,000-675,000 shares EVERY SINGLE TRADING DAY on average for 8 months now!!!
And now with VFIN showing up on the ask, it suggests that NTEK has one or more convertible notes out that have not been disclosed to shareholders - and the noteholder is selling against the note to lock in his sales price given that the exercise price is typically well below market. Even MORE dilution in the Stinky Pinkie's PIPE.
And delivering ... NOTHING. Not even soap-infused sponges.
OH WHAT A SCAM!!!!!!!!!!
From the TA (Stalt, Inc.):
As of the close of business on 08/14/2013, the following is the outstanding information for:
NanoTech Entertainment, Inc.
Authorized Shares 990,000,000
Total Shares Issued & Outstanding 464,292,868
Free Trading Shares Outstanding 388,027,287
Restricted Shares Outstanding 76,265,581
As of the close of business on 4/21/2014, the following is the outstanding information for:
NanoTech Entertainment, Inc
Authorized Shares 740,000,000
Total Shares Issued & Outstanding 553,446,094
Free Trading Shares Outstanding 496,228,523
Restricted Shares Outstanding 57,217,571
If NTEK is profitable and paying a dividend, then why are they printing over 500,000 new shares every single trading day on average for 8 months and diluting shareholders to dust??? Why would NTEK be issuing convertible notes to toxic financiers if they truly were profitable and paying a dividend out of profits (which they have never said, BTW)???
Selling convertible notes to finance dividend payments is another sign of a penny stock SCAM.
