NanoTech Entertainment Inc (NTEK)

[DangFool]

Two events upcoming:

1) Delivery of the dividends, which they've apparently committed to. But if they're dumping, then they almost certainly underestimated how much impact blowing that 7-10 day window had on the price, and so the $120K or whatever the actual total number is might seem larger to them now. Now, the insiders get most of that back, but by this time on the 24th, the price might be down to $.02.

2) The stockholder meeting. This would be a very dissatisfied bunch, given that NTEK's failure to deliver the NP-1 or in fact take any meaningful steps to address legitimate concerns that the product doesn't even exist has allowed the stock to go into free-fall. Even if they have some surprise to spring that brings the price back up, their actions will have rewarded people who purchased on the cheap at the expense of loyal longs, the larger of which will be sitting in the room.

Should be hearing something from Foleyconn for the purpose of damage control for next week or maybe they just dump the rest of the OS and call it.