NanoTech Entertainment Inc (NTEK)

[Steel Penny]

You are correct. The published budget called for $.59/1K. We will hope the F/S come out on the 15th so that we can see just what the revenues and profits were and compare them to the budget. However, so many had (and not really unreasonably) questioned whether divies would really be paid, it's good to see some $$ in our pockets. Even if less than we hoped for.

Your immediate question about audited stmts before divies are paid - NO audit needs be done. Basically no company is audited on a quarterly basis to determine if divies can be paid. That is primarilly a function of cash flow. One company, (WI*) earned $.40 per share and paid out a div of $1.00 and has been doing so for some time as depreciation and amortization expenses (both non-cash expenses)form a large part of their annual expenses. However, their cash flow allows them to pay an amount greater than their income. Obviously this will come to a stop at some point.

Nice announcement today & a lovely green Friday. Hey, how many will be attending the s/h meeting (besides me)?