NanoTech Gaming Inc (NTGL)

[CommonShrSense]

HVEL buyout agreement. The company NanoTech Entertainment (NTEK) says that they entered into a "Material Definitive Agreement" with High Velocity Enterprises Inc. (HVEL) That means an agreement has been made and not just in negotiation.
I think the most significant wording in NTEK's disclosure is that they will "acquire controlling interest of
the company and all of its assets."
High Velocity Enterprises Inc. (HVEL) assets include Cetek, Hybrid-Tek, and another subsidiary as well as cash that was reported earlier in the year of about 500K. These assets were missing from HVEL's last report that HVEL's new management filled.
It's not surprising someone would go after those significant assets that could be worth several million plus the cash.

The notice of material agreement by NTEK:
Entry into a Material Definitive Agreement.
On December 17, 2014, NanoTech Entertainment, Inc., a Nevada Corporation (“NTEK”), entered into an acquisition
Agreement with High Velocity Enterprises, Inc., a Nevada Corporation (“HVEL”) to acquire controlling interest of
the company and all of its assets.
The Agreement includes a combination of cash and stock and is to be completed no later than Q1 2015. Upon
completion of the acquisition, NTEK management shall take over the operations of HVEL, which shall be operated
as a majority controlled subsidiary.
http://www.otcmarkets.com/financialReportViewer?symbol=NTEK&id=131009