NanoTech Entertainment Inc (NTEK)

[roby117]

I was just kicked off the NTEK facebook group for posing some hard facts......

I hope preventing from posting will help those guys by running away from facts ..

these are some facts which was not easy to digest by the group admins

.006 price for this POS is high today given the figures.. let me say why I think so

PPS is profit per share for retail shareholder ( profit or say part of profit that is as dividend) .. last two quarters saw revenues of 2 million each and profit of around 800K each
if you divide just the profit by A/s of 1.3 billion the pps is .0006
however I take the revenue and divide by A/s then pps is .006

yes industry pps are 5 -10x revenues

NTEK has some time to really build that credibility for 5-10x revenues..
to make it even 1x revenues i believe audited financials are required immediately to build the first foundation of credibility.

otherwise till then its pps will likely to flow between .006 and ,0006

( this is just my opinion) however there are players that can play it and manipulate it other side of this range too ( I am sure I am not that one)

I consider the management as very capable but like other shareholders there is much that cannot be shared by the management with us ..
i still fail to understand the real reason for share structure increase when
last shareholder letter in march said that there will be no share structure change or share increase however within two months 250 million were added and followed by another 400 million.

so this management though capable is really constrained or forced by circumstances to act otherwise for benefit of retail shareholders and till then this pps will continue to erode shareholder value