NanoTech Entertainment Inc (NTEK)

[B402]

NewsLetter!!

An Oldy but Goody

"According to the statement, one of NTEK's employees, Mr. David Foley received more than 60 million shares between March 2012 and February 2013. Some of them should still be restricted, but we can't help but wonder: "How come an employee like David Foley receives more than the current CEO of the company, Mr. Jeffrey Foley?

Some of you might argue that David Foley is one of the founders and you might also say that his technical knowledge is what pushes the company forwards and that's a fair point. What disturbs us, however, is David Foley's past. We did a quick research on him and we found that he was once charged and later pled guilty to Conspiracy to Commit Mail and Wire Fraud and Conspiracy to Commit Bank Fraud. Whether this, coupled with the fact that he owns quite a lot of shares, will affect NTEK's stock performance in any way, shape or form is unknown, but we reckon that the paid pump running for them is a good enough reason to tread extremely carefully and weigh the risks before jumping in. Unless, of course, you want end up losing money which is always a possibility when the newsletters are involved.

http://www.hotstocked.com/article/56642/007-stock-chat-with-a-20k-pump-on-nanotech.html