NanoTech Gaming Inc (NTGL)

[skitahoe]

Penny, do you, or anyone else know if insiders bought the majority of the billions of shares that were distributed earlier this year.

I have no qualms about it if they did, and they invested in the newly issued shares at essentially market price. If that was essentially the case, it would make it rather simple to retire those shares at some time in the future provided the company had the required funds in a manner similar to what was previously posted.

I certainly don't know all the legalities, but if Fayiz or someone close to him essentially loaned the company funds in exchange for shares that were properly priced, he should be able to sell them back to the company at a reasonable price. The beauty of such an arrangement is it doesn't greatly harm the market at the time the new shares are issued, nor does it drive up the price when they are repurchased. When it's announced that fewer shares are outstanding, the value of the outstanding shares should greatly increase.

This is purely a layman's view and I don't know that it's happening, but if it is, and if it's all been done legally, Fayiz may be able to cut the outstanding shares down to a more reasonable number when the time's right and we should all be far better off.

Gary