NanoTech Entertainment Inc (NTEK)

[Nikodemos]

I don't ASK about the audits. In fact, when I have had occasions
to speak with corporate staff, managers, V.P.'s, etc., of NTEK I
remind them that I DON'T WANT audits until our revenues are on
solid footing!!

The POINT of an audit (at this stage) is to uplist. Which means that
ONE audit brings the requirement for MORE AUDITS, attorney fees,
accounting fees, time, energy & resourced diverted from other revenue-generating corporate work & actions...


Revenues can run $150,000+ per tick/company.

I believe that money, time, energy & those resourced are better
directed at porting UltraFlix, uploading content, hiring more
staff to support these efforts, acquiring content, getting LIVE
EVENT rights, marketing, promotions, Gift Card sku's in retailers,
& MORE!!! In other words, getting our flagship product OUT, with
as much content as possible & with as much awareness as they can
with the funds they have....


In addition, anyone who has researched the film industry must have
learned by now that audits are FAR MORE involved, costly & complex
for an entertainment company than if we sold widgits. Why?

Well each film title is an asset that gets recorded. And each film
title is DIFFERENT (as far as assets go) with incredible variance
as to anticipated value, current & anticipated revenue production;
date of film, film release, type of film, theatrical release or no,
format, & rights, etc., all play into the valuation of EACH
INDIVIDUAL FILM...Auditing an entertainment company therefore takes
even MORE TIME & RESOURCES than most other types of businesses. No
small consideration for the INTELLIGENT INVESTOR to ponder.



I simply ask, what GOOD are audits & the time & energy spent facilitating
their execution when there is business, market-share, uploading
content, porting & other business that is CONSUMING THEIR EFFORTS
at the moment. Makes NO SENSE to audit NTEK at this time. Besides,
when the company is established an audit holds more weight. MORE
revenues & for a LONGER period,...Audits, if people are thinking
about the pps, will do little...An unnecessary distraction is how
I view them for NanoTech Media at this time.



NOW. As to HVEL (NTGL) we have heard from NTEK CEO who has said
that the NanoTech Gaming Labs audits &/or updates are expected in ~90days!! That makes TOTAL SENSE TO ME. Why?


1) Gaming Labs needs a Casino Gaming License.
2) An audit for NanoTech Gaming-Labs would be QUICK.
(not as much to audit; not as complex as NMED (NanoTech Media).
3) An audit will follow S-1 registration.
4) Which means they'll UPLIST that ticker.
5) That "legitimacy" may be (I don't know this, I am speculating)
necessary for Casino Gaming Commission & simply a cost of doing
business in that industry.

NanoTech Gaming-Labs KNOWS they have a marketable product, technology
& patents that they can license & sell. They KNOW they have a product
in VEGAS2047 that has been PROVEN (since G2E2014). So, they only need
to organize the business as they have, make sure their licensure
needs are funded & they should be able to obtain royalty revenues
&/or manufacture VEGAS2047 within the next 15-18months.





Besides, my position on audits for ANY PENNY STOCK is well known
& much can be found posted on this very board....


So, to answer your question I have NEVER said Feb 15, 2015 & I think
we NOW have a Shareholder Newsletter from NanoTech's NEW CEO
saying that NanoTech Gaming-Labs will have an audit &/or are
anticipating an update on these matters for uplisting within
the next 90days.

They have also said that EACH DIVISION will get an audit. It is a
matter of semantics for me. I want to see audits when the timing is
right. PERIOD!!!

NanoTech Gaming-Labs audits make the MOST SENSE to me & are likely
the FIRST to get done!!!


Hope that helps...Just my $0.04


NTEK