NanoTech Entertainment Inc (NTEK)

[shajandr]

Mike, those issuances are for past floorless debt notes - the prices of the issuances are determined by the market prices at time of conversion. They can't "issue 150M shares to a toxic financier". At this point, no toxic financier would take 150M shares even at a 75 percent discount to market because (1)they can't dump those 150M shares without crushing the PPS to below 25 percent, and (2) unless issued for old debt over 12 months old, they can't sell it for a YEAR and nobody is going to hold shares for a year.

The fact that the float increased with the OS since December is proof that the issuances are for OLD DEBT 12 months or more old.

They can sell new floorless convertibles, butt those shares will be an indeterminate number to be determined upon conversion in 12+ months from now - nott a fixed number of shares.