NanoTech Entertainment Inc (NTEK)

[Helter Skelter]

CEO "buying" a few shares means nothing when his brother ("the hidden insider") disposed of approximately 47 million shares according to ntek's own disclosure...

There are currently no control persons or beneficial owners of more than five percent (5%) of any class of NanoTech's equity securities.

The above graphic is from the year end report. The OS at that time was 545,064,445 (as of June 30, 2013).

So, 5% (1/20th) of the OS is 27,253,222 shares.

ntek says no one has 5%, or more, of the OS....no one has more than 27,253,222 shares.

folly's 69,143,703 shares - 27,253,222 shares = 41,890,480...that were disposed of...to be under the 5% beneficial owner disclosure.

I actually had folly with a tad over 74 million shares and believe he sold those ~42 million to ~47 million shares directly into the market on the, in my opinion, orchestrated and manipulated runs in ntek share price.

Two questions:

(1) If the pps is going to 20, 30, 50 cents...or above a dollar...why did he dispose of his shares down here (and lower)?

(2) Would it be legal for him to have done so...directly into the market?

---o---

Don't forget...the "founders" were buying up, possibly, hundreds of millions of shares that were being "distributed" from a Rule 504 offering...according to this post...regarding an e-mail being sent to a "select audience"...looking like insider information...designed to influence market reaction to the relentless dumping...

It apparently swayed the author of this post:

Link > "The email I got yesterday, makes me feel much better about holding."



My opinion. He's sold close to, if not over, 200,000,000 shares.