NanoTech Entertainment Inc (NTEK)

[BeverlyH]

$NTEK MILLIONS OWED IN ENFORCEMENT JUDGEMENTS

Recent court filings ruled in favor of Long Side Ventures and K2 Communications and against NTEK on causes of fraud, breach of contract and misrepresentation in securities transactions.

NTEK is now an enforcement debtor, owing at minimum $2,507,000 in cash to the awarded plaintiffs in addition to somewhere between 54 million and 300 million new shares of NTEK stock.

These are final rulings and enforcement judgements against NTEK by the courts in LA Superior and Broward County.

NTEK has somewhere around $15K-$20K in cash, so expect either continued massive dilution to pay what is court ordered or a potential bankruptcy filing.

NTEK also have 30 days to either make Long Side completely whole in the cash and stock they are owed, or face court-ordered disclosure of their financials under oath.