NanoTech Entertainment Inc (NTEK)

[shajandr]

The latest poop from BIG Bennie Blankenship, paid pennystock promoter for NTEK, admitting the NTEK R/S is teed up:

I've had many folks ask me for my thoughts recently. I apologize I've been dealing some health issues recover from a nasty kidney stone operation, etc. Net, none of what is going on should surprise you. I've been preaching for months that it would get worse before it gets better. That mini run up a few weeks ago took me by surprise and I knew it would be temporary. What I'm sharing here is 100% based on my own observations and thoughts and opinions.

I think it's painfully clear that the ONLY option they have left is to do a small RS. I don't think a proxy of any kind is coming now. There is simply no choice for them now but a small RS anywhere from 10,20:1. Nothing else makes sense. For those of you thinking it may not be needed now because of revenues are simply refusing to see reality. If that were the case they wouldn't be selling more shares, but they have and are now virtually maxed out. The other option another AS increase is also not a viable option. Trading at these low levels with high share structures are a certainty in keeping investors and capital firms away. An RS from a pure numbers standpoint makes the share structure and pps more attractive to new entrants as well as VC, Banks. I think it also allows them to seriously renegotiate their debt reducing it drastically. This of course also allows the company to continue to dilute. This IS going to happen IMO folks so prepare yourself accordingly.

Now post RS they need to be all over this with increased communications and company updates in volumes. I believe that's why we have to heard squat from the company as they have been waiting until the RS occurs to release any update and I do believe the have many material updates to share. If that's the case that's the right move IMO. If the updates are material enough and frequent I believe we can weather the RS especially if revenues start to stream in. If they continue to be silent, it will most certainly get uglier than it already has been.

The company appears to me to be humming along from the operations perspective. Lots going on securing content and optimizing the UF app as well as other streaming improvements. I also am certain there will be significant leadership and management changes coming over the next 6-12 months. Not just replacing the CEO. Adding new important, strategic positions.

It's going to continue to be a bumpy road until the dust settles from the inevitable RS and they put new, competent leadership in place. My suggestion to you is to walk away from this if you are able to for several months. Don't monitor it daily. If you believe in the product and buy into the theory I have mentioned then I feel that's the best option. Some may say sell now and get back in post RS. That may in fact be a viable option but very risky if in fact they have been waiting to provide updates until the RS occurs.

Again, this will get worse before it gets better still IMO for at least another 6-12 months.