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I know where the money came from. It's called doing your DD.
http://m.prnewswire.com/news-releases/nanotech-entertainment-ntek-expands-into-mobile-app-space-173727661.html
LAS VEGAS, Oct. 11, 2012 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) is pleased to announce it has completed a multi-million dollar partnership agreement with private investment firm FS Global Capital, for a stake in its privately held mobile app development company. The partnership will allow NanoTech to quickly expand into mobile phone and tablet app market. NanoTech will leverage its revolutionary new proprietary technology in several exciting new apps to be released this fall. NanoTech's customer base will greatly expand as it releases unique "must have" apps for Android, iPhone and BlackBerry customers, which dominate the multi-billion dollar global app market.
"This transaction gives us the exclusive rights to proprietary Technology as well as unique apps for the most popular phones," stated NanoTech CEO Jeffrey A. Foley. "The NanoTech Communications business unit will develop and publish apps and license its technology for the mobile market, which is now over-taking the computer market as the most popular format for people to meet their information, retail, entertainment, and educational needs. We will be releasing our new phone and tablet apps in the near future as well as adding some of our gaming and digital TV content to the mobile space, allowing us to cross pollinate our assets amongst multiple markets."
According to recent statistics gathered by the Forrester Research Group, it is projected that by 2016 consumers will spend about $1.3 trillion with this software which will generate $56 billion in the mobile app market. "NanoTech is strategically positioned to assert its place in this mobile app explosion. With over 1.08 Billion smartphones in use, we are opening up our potential customer base dramatically with these new products," stated Foley. "Smartphone users worldwide will download more than 45 billion apps this year, nearly twice the number of apps that were downloaded in 2011, according to new data from Gartner Research Group, in a clear sign of just how quickly the demand for apps is growing. By 2019 they estimate that there will be more than 300 billion apps downloaded annually, or more than 10 times the amount that were downloaded in 2011."
The emergence of the multi-billion dollar mobile applications market is not only revolutionizing the software industry, it's also having a profound impact on the national economy as well, a new study by the Association for Competitive Technology (ACT) declared. The growth of startups and new businesses to support this mobile apps ecosystem, which is predicted to top $100 billion by 2015, has also led to significant job creation during an otherwise troubled economic period the survey found. "The app marketplace is quickly expanding and creating opportunities all across America. The massive growth of startups and the rapid emergence of new business models demonstrate that the app economy is strong and will be an economic force for years to come," stated ACT executive director Morgan Reed.
Foley concurs, "Because mobile apps assist us in every facet of our lives, we are forging a perpetual and permanent relationship with this technology which, in turn, contributes to our overall prosperity. NanoTech is eager to contribute its share of uniquely satisfying and useful apps to the mobile app ecosystem. This partnership gives us exclusive rights to the most innovative proprietary mobile phone technologies for the latest crop of smartphones including iPhones and Android phones." NanoTech's new revolutionary technology includes several unique features that will be highlighted in our upcoming releases into the mobile market.
About NanoTech Entertainment
Headquartered in Las Vegas, NV, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With three business units, focusing on Gaming, Media & IPTV and Mobile Apps, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. NanoTech Media develops proprietary technology which it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
The NanoTech Entertainment logo is a trademark of NanoTech Entertainment, Inc. The NanoTech Communications logo is a trademark of NanoTech Communications Corporation. All rights reserved. All other marks are the property of their respective owners.
Contact: Denise Clifford
Phone: (702) 518-7410
Email: denise@nanotechent.com
SOURCE NanoTech Entertainment
How did you post my email from NTEKs T/A? You said they didn't buy shares on the open market, the PR stated they did. You asked where are the numbers from t/a, I just showed you an email I received from them. As per NTEK I/R financials are due out on the 15th. We will probably see them on Tuesday morn because Monday is a holiday. But since they just went from a developing company to a company that's going into production in January, don't expect eye popping numbers to jump out at you.
You will probably see an influx of cash because if I'm not mistaken they did take in some venture capitalist money during that quarter. Now if you excuse me, my niece was just born and I'd like to spend time with things that really matter. Not this nonsense. Have a good evening.
Directly from the PR released on 2/1/13
LAS VEGAS, Feb. 1, 2013 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) today announced that it has now completed the second phase of a plan to buy back shares of its common stock. The NanoTech Board of Directors had previously authorized a share repurchase program under which the company repurchased 25% of its outstanding common stock from the open market and in privately negotiated transactions. The program identified two stages, whereby a total of 195 million shares were acquired. The company had completed the phase one buyback on January 25th 2013 and has now completed the phase two buyback.
Also an email from their TA the day the buy back was completed:
Info
info@stalt.com
Hide details
To:
AAnthony Coster
Date:
February 4, 2013, 12:00 PM
Dear Anthony,
As of the close of business on 02/01/2013 the issued and outstanding for NanoTech Entertainment Inc. was 550,860,531 shares.
For further information please contact the company (702) 518-7410.
Any other questions???
The buying outpaced the selling by over a million shares today not including after hour t-trades. At one point the buying was 10:1. Any fool that knows how to read can see where this is headed and knows what games are being played on level 2 right now. Just wait til MM's clear their books Friday afternoon and see what happens Tuesday morning starting from scratch. And btw, the last buy back was completed before any announcements were even made. It doesn't make sense to announce you're buying back shares to inflate the price and effect your bottom line whether it be in the open market or private.
And one more note, the last buy back was all performed in this price range, from .015-.02. If you don't believe me look it up.
That's not it. The MM's aren't filling orders. It took me 10 minutes to get 100,000 filled at the ask in 4 partial fills.
10:1 buys to sells and we are not moving. Anybody have any ideas?
Hmmmmm, wow, it must have been a total coincidence that NTEK's new headquarters and Samsung's new information systems of America are less than a mile apart. Total coincidence. Has to be!!!
It's amazing. The cash isn't in my bank account or my brokerage. It's lost in space somewhere. Where did it exactly go????
I have about $2k floating in wire space somewhere, save some for me!!!
NEWS COMING.......Today could be the day!
Tomorrow could be the day. Don't get caught out in the cold with no shares!!
Good Morning everybody. Lets get this party started after last nights fireworks.
Nope you're right. I'm wrong. Got my numbers mixed up. I'll correct now!
GM I have a problem with your DD. That buyout price is only $321 million dollars.
$321 million / 575 million outstanding shares only = $0.56 per share. We got more than that coming.
NTEK
Yeah I've seen you around. I can trust you. Now let's go make some money.
Big things are coming & they start at 9:30 tomorrow morning.
NTEK really should post their big news right now and just blow all these people out of the water. IMHO everybody that just bought right now look at your account at 4:01 tomorrow and you will be pleasantly surprised. But that's just my .02 cents, literally. But soon it's gonna be .04, .06 and so on. Really soon.
Samsung seeking startups in Silicon Valley to invest heavily in.
Samsung's Open Innovation Center seeks startup juice
http://news.cnet.com/8301-32973_3-57568881-296/samsungs-open-innovation-center-seeks-startup-juice/
This article is even better.
http://allthingsd.com/20130211/samsung-david-eun-diveintomedia/
David Eun once led Google and YouTube’s partnerships with media companies, turning their sometimes adversarial relationships into licensing deals. These days, he’s doing something similar, but from the hardware side of the business. As EVP of Samsung’s Open Innovation Center, Eun is charged with developing new digital content and services for a consumer electronics juggernaut that’s gunning for supremacy in everything from TVs and smartphones to refrigerators.
Onstage at D: Dive Into Media, Eun talked for the first time about Samsung’s plan to tap Silicon Valley entrepreneurs to drive its content and media business, and to turn its device portfolio into a massive content-distribution platform.
A cornerstone of that plan: Samsung’s new Open Innovation Center, which the company announced today at D: Dive Into Media. That operation is geared toward drawing on Silicon Valley innovation to fuel the technologies that Samsung sees as the next big thing.
“We’re doubling down on software innovation, particularly software that will enhance our products,” Eun said. “We’re focusing on investing in early-stage companies, and developing partnerships with them that can help us enhance the user experience of our customers.”
What does that investment entail? Samsung becoming a sort of back end for development. “We want people to be able to focus completely on product development,” Eun said. “We take care of salaries and benefits, so people don’t have to worry about anything else. They can just focus on building their products.”
The end game here, of course, is to add value to Samsung’s platform, something the company can then peddle to its partners, in some form or another. Does that mean Samsung fancies itself as an advertising network? Eun certainly thinks so.
“We think about being a platform, and allowing partners — whether they be advertisers or content providers — to find their way to us,” he said. “Is there a world where we can gather data from all our devices, process it and create something of value for our partners? Ultimately, partners want distribution, but they also want monetization. I think we can provide both. … But we need to think very seriously about what it is to have an integrated experience on our devices with third-party services and advertising.”
So, what is Samsung looking for in a content and advertising partner?
“We’re looking for folks that see us as more than just distribution. We have a very strong sense of how products are going to evolve, and where new markets will occur. … The ideal partner for us is someone who’s interested in our global footprint. But also someone we can work with to create truly compelling things. … At heart, we’re an entrepreneurial company. And we’ve done that by making huge bets and really focusing on execution.”
Stockwatchtv is up & running on Roku.
http://www.roku.com/channels/#!details/13656/stock-watch
Please share what you have discovered. We are all interested.
So NTEK was able to hire Alan D Stone to its board of directors. It's been argued here about its revalence. A little bit of DD suggests that Mr. Stone was the former CEO of Nintendo of America. What nobody failed to relize is where Nintendo was formerly located. Redmond, Washington.
Does that sound familiar at all to anybody? Here's a clue!
Redmond, WA is best known as the home of Microsoft (for which Redmond has become a metonym) and Nintendo of America.
David Foley also tweeted not long ago,
@davidrfoley: working on a Comcast demo on NanoFlix, exciting times. Reminds me of my trip to Paul Allen's house to brainstorm over the future of Cable
Bill gates partner was no other than the aforementioned Paul Allen. Is it the same person, tough to say with little more information than just a tweet. But if it is the same person, Allen left Microsoft BOD in 2000 after a fight with Cancer but still owns over 138 million shares, a pretty good chunk. His current dealings with Microsoft is a Sr Technical adviser role. Also he is a huge donator to Washington State University, Seattle.
Does that sound familiar, well it should because no other than Alan D. Stone is a graduate of their masters program with a MBA in finance & economics.
But wait there is more coincidences with Paul Allen. His current investment firm Vulcan Inc own a TV channel that was called Tech TV. Tech TV was later sold to Comcast and merged with G4. A very well known columnist was a regular on Tech TV and his name is John Dvorak. He is also a graduate of UC Berkely, where again Alan Stone is also a graduate. Dvorak also has major connections in Silicon Valley & also the hot bed of Seattle Washington. Don't believe me, look it up.
So the connection with NTEK & John Dvorak is what. Well NTEK is the producer of his bi-weekly TV show of No Adgena with John Dvorak & Adam Curry.
Is all this just a large coincidence. Maybe. But I feel like its a bread crumb trail. You just have to put the pieces together and see where it leads. Or maybe I'm just crazy and have too much time on my hands. As it is we got 32 inches of snow and its been almost impossible to leave my home cause all the roads are closed and mostly unplowed.
I asked Denise last week about 4th quarter. She replied that they would be out on feb 15. PM me your email, I'll send it to you if anyone would like.
Anybody else want to kick MERQ right between the legs?? This guy is trying his hardest to keep us down but way too many things goin on for that!!! He better get out of the way soon, cause there's gonna tire tracks goin up his back.
Anybody know where has Daddio been. I miss his special way of talking, BRAH! Weeeeeeeeee
We don't know the address of the new office. It hasn't been released yet, remember!
I'm rooting for ya, here's to Pizza for all!
You were a millionaire until you had to pay the taxes!! haha
I have mine set at $1.50. I'd be happier than anything when I see all those 0's in my account until the time the tax bill comes!
Wow Reivax, we had a mini shake down this morning & you haven't gotten banned yet. I guess you learned how to play nicely with others. At least for today.
As per Denise:
4th Quarter Financial Statements are due out Feb 15.
Great article. This guy seems to have a plan to avoid Corporate America from shutting him down. Now he only needs to find our buddy's @ NTEK!
http://www.forbes.com/sites/michaelhumphrey/2012/06/29/anthony-wood-how-roku-prospers-in-an-apple-google-tv-invasion/
Just wait till this product is released... How much extra revenue will this bring in?
"We are very excited that our second generation of the popular Pinball Wizard 2 gaming controller will support home consoles. We are working with a new design studio to create a modern look and refined feel for the controller,” added Foley. The Pinball Wizard 2 controller will feature a sleek new industrial design, and models will be available for both the XBOX and PlayStation consoles, bringing the realistic feel of pinball control to the home. “Console players have never had the opportunity to play pinball games using real pinball controls. Now with the latest generation of the Pinball Wizard, players will be able to use real arcade pinball plungers and buttons to play their games,” Foley noted. The Pinball Wizard 2 controller features motion sensing input providing real world nudge and tilt features giving the most realistic pinball experience. Pinball Wizard 2 controllers are expected to ship on June 11 2013, the first day of the E3, Electronic Entertainment Expo.
Listen Up! For everybody that can't read between the lines go to this Flyer from NTEK and look in the bottom left hand corner. It's a pleasant surprise for SURE!!!!
http://nanotechent.s3.amazonaws.com/xrr/xrr.pdf
And just for giggles click on this and see who's their neighbor!!!
Samsung
75 West Plumeria Drive, San Jose, CA 95134
(408) 544-5700
https://maps.google.com/maps?hl=en&q=2050+gateway+place+san+jose+ca+95110&ie=UTF-8&ei=7msRUbTGOom60QGz4YCADA&ved=0CAgQ_AUoAA
Now stop putting in stupid market sales and lets move this thing up already!
Sorry if I never noticed that before.
Anybody notice the new phone number on NTEK's website is a California Area Code??? Check it out!
http://www.ntekmediacorp.com/info.html
Take a look at PK's profile, he's added some nice artwork to it. For once I can say he actually brought something to the table.
Just received this e-mail from NTEK's T/A
Dear Anthony,
As of the close of business on 02/01/2013 the issued and outstanding for NanoTech Entertainment Inc. was 550,860,531 shares.
For further information please contact the company (702) 518-7410.
Regards,
Ana Muñoz
Is anybody gonna be able to sleep tonight??
Anybody notice that Samsung is airing a commercial today for the SuperBowl and has not released any information about what is going to announce. Google #thenextbigthing and look at what comes up.
Can you imagine if NTEK is programmed into Samsungs new Galaxy S4, that's even bigger than the TV Market. Samsung ships millions of phones every quarter and the S4 is supposed to be the higher priced phone they make. I would love to say when that commercial comes on and if NTEK is in it, say to all my friends, I own part of that!
One can only imagine...
Quoted from the Company. People better start reading between the lines.
NanoTech Entertainment Expands Into Television
"The Television division, NanoTech Media, will generate ongoing revenue streams from advertising on original TV shows, and subscriptions of On Demand and Pay-Per-View (PPV) content. Moreover, NanoTech will further develop and license this and other television technology to content providers helping to create the next generation of Television, Streaming Video and Video On Demand (VOD) applications. We will have technology and content for everything from your television to your mobile phone," specified Foley. "We anticipate several major announcements based on this acquisition as we release our original programming and form new strategic alliances. We are delighted to be uniquely positioned to provide our proprietary cloud based technology to other content providers from around the world. With the biggest technology companies in the world focusing on IPTV technologies, NanoTech Media is The Future of Television(sm)."
Quoted from the Company. People better start reading between the lines.
NanoTech Entertainment Expands Into Television
"The Television division, NanoTech Media, will generate ongoing revenue streams from advertising on original TV shows, and subscriptions of On Demand and Pay-Per-View (PPV) content. Moreover, NanoTech will further develop and license this and other television technology to content providers helping to create the next generation of Television, Streaming Video and Video On Demand (VOD) applications. We will have technology and content for everything from your television to your mobile phone," specified Foley. "We anticipate several major announcements based on this acquisition as we release our original programming and form new strategic alliances. We are delighted to be uniquely positioned to provide our proprietary cloud based technology to other content providers from around the world. With the biggest technology companies in the world focusing on IPTV technologies, NanoTech Media is The Future of Television(sm)."