NanoTech Gaming Inc (NTGL)

[skitahoe]

Your conclusions are correct as I understand it. As to the need for the additional stock, no one wants them to issue it, but we all can understand that if they need additional equipment, wish to acquire another company, etc. they may choose to issue the stock rather then taking on debt.

The idea that a stock selling for under a penny is debt free sounds very positive to me. If the profits are growing, as we've been led to believe they are, I cannot imagine it trading for less then a penny much longer, even if it's only earning a small fraction of a penny per share.

The good news is whatever the earnings are this quarter, they should grow each succeeding quarter. To reach a penny a share the company would have to be earning $38,750,000.00, while that may be a stretch this year, it won't be for long. The growth potential is so great for this company, I'm not sure that by the time it reaches that point it won't be selling at a P/E of 50 or more. 50 cents a share would be very positive for all of us who are currently invested, but the potential of the stock is to go much further then that.

Gary