NanoTech Entertainment Inc (NTEK)

[Skitradr]

That is one of the BIGGEST lies and GIANT RED FLAG YET........

They filed a form 15 because they could not afford the preparations + reporting costs.

Following is a PR released by NTEK ..........REAL DD........EASY DD ....please read....




The Audit Committee of the Board of Directors of NanoTech Entertainment, Inc. (“NTEK”) annually considers and recommends to the Board the selection of independent public accountants. On May 6, 2011, after an evaluation process of several independent audit firms and as recommended by NTEK’s Audit Committee and CPA firm, the Board of Directors appointed Sadler, Gibbs & Associates (“SGA”) as NTEK’s independent auditors for the 2010 & 2011 fiscal years, replacing Child, Van Wagoner & Bradshaw, PLLC (“CHILD”).
This action effectively dismisses CHILD as the Company’s independent auditor for the fiscal year that commenced on July 1, 2009; The reports of CHILD on the Company’s financial statements for the year ended June 30, 2008 and the report of CHILD on the Company’s financial statements for the year ended June 30, 2009, did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles.

Item 9. Financial Information
NanoTech Entertainment has recently changed Audit firms, as noted in its most recent 8K filings, and is working with its new Auditors in an effort to create and file all past due SEC required filings. The Audit firm has agreed to complete the work based on a payment plan that will allow NanoTech to work within a schedule to complete the audits within 90 days of funding.
NanoTech Entertainment has identified a group of investors that is willing to work with the firm in order to meet its financial obligations with the new Audit firm and raise $35,000 required to complete the audits through a convertible debenture that will carry a 10% APR for a two year period and the option to convert at a 30% discounted rate. In an effort to identify NanoTech’s status and requirements, the basic information regarding 2010 and 2011 financial information is being filed in this 8K form. Given the budget for the completion of Audits, NanoTech anticipates the ability to file all past due financial forms within 60 days.