NanoTech Entertainment Inc (NTEK)

[shajandr]

That is IR-speak - and any lawyer can translate it easily. Lett me illustrate:

"the K2 complaint is being resolved"

Translation: Nothing has changed. The lawsuit is still pending and proceeding. That is the process by which it is being resolved and continues just as before. The resolution process began when the lawsuit was threatened and then filed.

Every lawyer in the corporate world uses this catchphrase ALL THE TIME to refer to open legal proceedings.

We can even 'spin it more' (depending upon how management wants it) - like "the matter is being resolved and the parties are in settlement discussions". This says NOTHING. In EVERY lawsuit, at all points in time, the matter 'is being resolved' and the parties are always discussing settlement.

That phrase is boilerplate and makes people THINK the lawsuit is close to an end when nothing has changed.

It's typical deceptive lawyer boilerplate - and I've used and use it all the time advising IR people and in drafting/reviewing 10-Ks. 10-Qs, and S-1s.

Takehome message: nothing substantive has changed with regard to the K@ lawsuit.