NanoTech Entertainment Inc (NTEK)

[2bornot2b]

Interesting comparing VGTL and NTEK.

Could VGTL be the next acquisition or merger/reverse merger prospect for NTEK (see VGTL "Going Concern" information below)?

Like NTEK...VGTL appears to be working with unaudited fins (per their most recent 10-Q):
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10495804
although they appear to have received Initial Certification for OTCQB published Jan. 15, 2015.
http://www.otcmarkets.com/financialReportViewer?symbol=VGTL&id=123616
VGTL AS is approximately 200,00,000 shares
NTEK AS is approximately 750,000,000 shares
VGTL OS is approximately 27,075,203 and is trading at .0125
NTEK OS is approximately 724,874,022 and is trading at .031
VGTL Float is approximately 14,117,154
NTEK Float is approximately 652,918,523

http://www.otcmarkets.com/stock/VGTL/profile
http://www.otcmarkets.com/stock/NTEK/profile

VGTL's "Going Concern" information reads in pertinent part (NOTE: "sale, merger or other acquisition" language):
"NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has no established source of revenue. This raises substantial doubt about the Company’s ability to continue as a going concern. Without realization of additional capital, it would be unlikely for the Company to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.

The Company’s activities to date have been supported by equity and convertible debt financing. Management plans to seek funding from its shareholders and other qualified investors to pursue its business plan. In the alternative, the Company may be amenable to a sale, merger or other acquisition in the event such transaction is deemed by management to be in the best interests of the shareholders." [Emphasis mine]
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10495804

NTEK's last "Going Concern Considerations" information as of 06/13/13
"GOING CONCERN CONSIDERATIONS
The Company’s financial statements have been prepared using accounting principles generally accepted in the
United States of America applicable to a going concern, which contemplates the realization of assets and
liquidation of liabilities in the normal course of business. During the year ended June 30, 2013, the Company incurred net losses totaling $309,416 resulting in total accumulated deficit of $5,142,373 with a Total Shareholders’ deficit of ($286.082) at June 30, 2013. The most recent quarter ending June 30, 2013 showed a net gain of $172,644, with the quarter by quarter comparison improving from a loss to a gain, the Company’s ability to continue as a going concern has now been established. The Company's ability to meet its ongoing financial requirements is no longer dependent on management being able to obtain additional equity and/or debt financing."
http://www.otcmarkets.com/financialReportViewer?symbol=NTEK&id=109540

Do any longs wish to try and explain why with VGTL unaudited financials being what they are and NTEK unaudited financials being what they are VGTL is trading at .0125 and NTEK is trading at .031 ?
VGTL: Net Income Applicable to Common Shareholders as of 03/21/14 (2,043)
NTEK: Net Income Applicable to Common Shareholders as of 06/30/13 (309) (things have markedly improved since 06/13/15) imo
VGTL Balance Sheet - Net Tangible Assets: (704)
NTEK Balance Sheet - Net Tangible Assets: 868

http://www.otcmarkets.com/stock/VGTL/financials
http://www.otcmarkets.com/stock/NTEK/financials