NanoTech Entertainment Inc (NTEK)

[samsamsamiam]

Jeff Foley - so they paid him how much for his Ice Sculpting business? and do they pay him to run it as well too?

4) In July 2013 NanoTech completed an agreement for the acquisition of Clear Memories, Inc.

http://www.otcmarkets.com/financialReportViewer?symbol=NTEK&id=85183

We are currently finalizing the terms of an understanding for a share exchange with Clear
Memories, Inc. (“Clear Memories”) under which we will obtain the worldwide exclusive rights to
license and franchise ice products (sculptures) created by it. Clear Memories is owned by Jeff
Foley, our new chairman and CEO. We expect to receive 34,499 shares of Clear Memories
common shares outstanding (33% of outstanding) in exchange for 6,000,000 of our shares (1% of
outstanding). We expect to generate ongoing revenue streams from sales and subscriptions of
franchises and ongoing license fees from new sculptures, of which 50% of all revenues will be
ours.

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according to the guy that visited the office in Boston:

We sat at Phil's desk for about an hour and a half. He showed us about 50 projects he was currently working on with clear memories. He informed us that by the end of the year (this is the busy season with the holidays) they would bring in excess of $150k profit. He also showed us some neat projects he was currently working on for the Sacramento Kings basketball team.

And Phil of course lucked out as well:

NTEK - Philip Foley - $153,000

On January 30, 2013 the Company entered into a buyback agreement, reducing the overall outstanding shares by
144,982,250, cancelling shares previously issued to NanoTech Media Corporation and redistributing them as follows:
issued Philip Foley, unrelated and non-affiliated independent contractor, 25,500,000 shares of restricted common
stock containing the restrictive legend, at $0.006 per share, to eliminate $153,000 of compensation due under the
terms of a services agreement, and reducing the company’s debt by the same amount, and acquiring license
rights to proprietary technology and assets.



On July 24, 2013 the Company entered into a buyback agreement, reducing the overall outstanding shares by
25,000,000, cancelling shares previously issued to Philip Foley and returning them to treasury.


Clever way to cash out of restricted shares early wouldn't you say?
Issue restricted shares and then buy them back months before the restriction would have come off.

Is Philip Foley REALLY an unrelated and non-affiliated party?

What about Denise? she is a Foley too, right?

Are these FOLEY's all "unrelated"?

Issued Steven Foley, unrelated and non-affiliated investor, 22,831 shares as settlement of interest due from a
paid convertible debenture, reducing the company’s debt by $2,283.10.
Issued Richard Foley, unrelated and non-affiliated investor, 15,580 shares as settlement of interest due from a
paid convertible debenture, reducing the company’s debt by $1,558.