NanoTech Entertainment Inc (NTEK)

[B402]

Information on Royal Capital directly from the company:

You lied Dave R Foley and you Mislead Terribly

Of Course you don't own anymore than 5%
At any given time, or you would be bound by rule 144
What you do is, Convert salary convertibles or
Debt Convertibles less than 5% at a Time
Then sell those shares, convert more, sell those
And so on and so forth

Any time you hear a Pinky CEO or Principal
Say I am taking my salary in shares and Loaning
The company money,,its trouble

And those are the death spiral convertibles
That run the SS in to the Ground That Result in RSs

We had your voice answering Royal caps number
We and your Number and your wife's number
Listed as the Royal Caps phone number on the website
NTEKs subsidiaries were listed with Royal Capital

After all that was posted
Daniel Wong posted this letter

Daniel Wong
November 20 at 11:24am

Information on Royal Capital directly from the company:

David Foley, for over 7 years in lieu of taking a salary, having his expenses paid, and being compensated for many intellectual property assets that he brought to the company took the option to convert his debt to stock. In addition, Mr. Foley guaranteed loans to the company by securing those loans with his family's home. All of this was done to help fund the company in order to secure the future success of the company as it was growing.

Given the startup nature of the company and the need to fund growth, this was determined to be in the best interest of the company overall.

Royal Capital Group has purchased convertible debt from multiple people, including Mr. Foley, that had previously invested in Nanotech Entertainment.

Prior to his departure earlier this year, Mr. Foley invested some of his personal funds into NanoTech on a long term note. Royal Capital has further invested $1.3m in q2 of 2015 to help capitalize the company and allowed us opportunity to expand our offerings and build the company.

The company is obligated to the terms of the convertible debt to issue shares upon conversion notice. We have worked with Royal Capital to reduce the debt ratio substantially and are sending a proxy package to shareholders outlining the discounts we have an option to realize. As with all investments, everything is reviewed by multiple lawyers to ensure that NanoTech consistently follows all SEC regulations with every and all issuances of stock.