NanoTech Entertainment Inc (NTEK)

[shajandr]

That's EXACTLY right!!!

brando5
Tuesday, 10/27/15 05:31:54 PM
Re: Coinstar post# 329209
Post # of 329238

I watched companies reverse and go back down to .0001 in weeks do to new convertible debt. There's always dreams they present before or just after reverse but truth is they're taking all the shares and condensing them so they can sell more shares! Or they wouldn't do that to shareholders! With more shares available they can add to debt and convertibles and pay themselves! Reverses are a terrible thing often. Up listing is an excuse. What's market cap here?

I have been following pennyscams for 30 years. While there may be an exception to the rule, I've never seen a pennystock do a reverse split and wind up with a higher adjusted pre-split PPS intermediate or long term. NEVER. Not once - in 30 years.

I'm shure sumbuddy will hunt upp one or two examples, butt I have never seen one in the penny Pink Sheeters. Rarely, they will have a 1 to 5 week rally, and then crumple. Usually, they crumple right ~OUTT of the gate or within a week or two. Three months down the road - they pretty much are all deeply below the pre-split adjusted PPS, often down to 1/1000th of the immediate post split price.

PPJE took only a few months to go from their last RS to No Bid x 0.0001 (0.000001) with zero volume. PLKD wasn't a whole lot longer to be down 90 percent from its last RS.

If NTEK does a 1 for 1000 R/S - I'll bet we see it under a dime post-split in 2-3 months. A 96 percent loss on a pre-split adjusted basis.