NanoTech Entertainment Inc (NTEK)

[DangFool]

That's the question of the year.

if NTEK has been blatantly been giving false info over multiple years, why hasn't the SEC stepped in already?

The answer from me is that I have no idea. One reason might be that the SEC is a toothless organization, and Congress was paid off by crooks to make sure that the federal government looks the other way at all such shenanigans.

Another reason might be that the SEC's resources are constrained, and since there are multi-billion-dollar schemes happening on Wall Street all the time, a scheme that's ultimately netted less than $100 million might be too penny-ante for their limited number of investigators.

Yet a third might be that the damage is contained to existing shareholders, and they're only really concerned if new buyers are coming in. It it's contained to the same true believers for the most part, that would be the equivalent of a benign tumor which, however big, is only one of many such growths in the OTC. Maybe they only feel the need to shut down the cancerous ones.