NanoTech Gaming Inc (NTGL)

[skitahoe]

For those around long enough to remember, this started as Cetek in a totally different industry. Essentially CTKH was a shell that became NTGL. Now it seems nothing NTGL planed on doing is coming to fruition, but that doesn't prevent the same thing happening again.

A corporate shell is often an easier way to start a stock trading company than doing an IPO, so don't be surprised if someday NTGL is purchased. If it's anything like when CTKH was purchased, you can practically bet the new company will almost immediately do a reverse split, then issue a lot more stock. Original shareholder will probably own no more than 10% of the new company, but the good news is, it might be a company that turns successful, and if it is, some day it might be worth more than you initially invested.

While this is doubtful, it's about the only positive scenario available to investors. I suspect that for most of us today, if you sell all your stock you'll be lucky to collect much more than the commission on the sale.

In the case of CTKH, the hint that something was happening was the filing of several years worth of previously unfiled quarterly and annual reports. If we see that, watch for the sale of the corporate shell in the near future.

Gary