NanoTech Entertainment Inc (NTEK)

[Steel Penny]

I'm not quite sure what you're looking for. The Stockholder's Equity section of the Balance Sheet properly reflects the $250,000. The actual accounting entries are:

Cash...............................................................$250,000
Common Stock (7,580,000 shares X .001 par value).....( 7,580)
Additional Paid in Capital........................................(242,420)

Now that doesn't tell you where the cash went, only that it was received. Bennie didn't get free shares. Nay, nay, nay. Shares at a good price to be sure, but he had to buy a large block and they were restricted. How many of us could have ponied up for the same terms? As it turns out, Bennie made a good deal. BUT, there was a point when the share price fell awfully close to his purchase price. He took some risk, NTEK got cash when it meant a lot and we will all benefit as a result. What's not to like about that?

Thanks Bennie. A lot of us really do appreciate what you've done for NTEK and all of it's shareholders - yourself included.