NanoTech Gaming Inc (NTGL)

[CommonShrSense]

The current management has explaining to do as to why they put out a quarterly financial report without the company's Cetek assets including over 500,000 cash. The report did not account for the assets and the missing money of over a half a million dollars. Most would consider this a fraudulent financial report. The current management has a fiduciary responsibility to protect shareholder's assets.

I would also like explained how the valuation was determined when the new management issued a significant number of shares of 1,600,000 when the previous outstanding shares was only about 1.25 million shares. It appears that the assets of the new subsidiary aren't worth anything close to the assets of Cetek, the subsidiaries, and over 500,000 cash.

I'm shocked by the financial reports of the company. It appears that everything is now documented by the signed financial reports of the current and previous management that shows significant amount of missing assets including subsidiaries and over 500,000 dollars.