NanoTech Gaming Inc (NTGL)

[IL Padrino]

I don't see the half billion shares that cetek is buying back making a huge dent in the grand scheme of things, although it helps.
Here's what I am seeing:
1. If Cetek is in fact buying back shares, then that is always a great sign for a stock. If the company has faith in it's future, then I am confident that there is more going on than we know about. But not only are they buying them back, they are cancelling them. I expect more moves like that in the future.

2. Like someone else already posted, cetek used to trade off the pink sheets and is looking to regain status again. It was up at $1.75 at one point. I'm curious if anyone knows how many O/S they had at that point. That should give us a good indication of what to expect out of this stock.

3. How long we will have to wait for real growth is uncertain. However, I've heard that some people close to the company expect significant growth within 2 years. Like I said before, I heard $10 in 2 years, but I don't see how that could possibly happen. I think that's a stretch to say the least, but that's what I heard.

4. The problem we have now is that we haven't had any real news reports from the company since April 30. That news release was very positive. So we're pretty much in the dark, but I think that's better than bad news.

Patience will be the name of the game in this one. I'm in it for the long haul. I really believe that this stock will trade over $1 in the not too distant future. I'll sell a little off if it reaches .40, but I'll keep most of it for the jackpot.


On another note,
I've just found out that you can buy Iraqi Dinar over the internet. I ordered 1 million dinar and it cost me under $1,500. If their money goes back to about 30 cents like the Saudi Rial, then I'd be very happy. I don't see much risk in this one, only profit. Before the gulf war, one Dinar was $3!!
All it's going to take for it to go up is their government to become solid and their money to go on the WCE. And if Iraq becomes a part of the UN, look out, it's a solid buy. If Bush gets re-elected, it's a sure thing.
You should look into it and research it some. Just type in Buy Dinar into a search engine and see what you come up with.
I ordered it with a credit card because I think it's safer. There are sites that will only allow payment by wire transfer or money order. I don't really trust that.

Happy hunting.