NanoTech Gaming Inc (NTGL)

[IL Padrino]

Hey guys, this is from another stock but it gives me hope regarding the O/S of cetek. If it's good for one, why not the other?


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Q Television Network Retires One Billion Shares

December 14, 2004 10:30:00 (ET)


PALM SPRINGS, Calif., Dec 14, 2004 (BUSINESS WIRE) -- Q Television Network, (Pink Sheets: QBID) announced today that its CEO, Mr. Frank Olsen, will retire 1,000,000,000 shares of his personal QBID stock.

Q Television's board of directors has agreed to retire the QBID shares to the treasury. The 1,000,000,000 shares are QBID common stock. Mr. Olsen will retain voting rights and a long term conversion provision. The retirement of the stock will occur in pre-set blocks over the next two months.

"This non-dilutive measure will bring an increased value to our shareholders," said Olsen. "We have negotiated and put contracts into place to ensure longevity for our network and, as this occurs, we will take steps to bring value to our shareholders."