NanoTech Gaming Inc (NTGL)

[PennyWorld]

skit, I have no idea if they bought back any shares. However, to be honest, I'm not very optimistic that Fayiz has bought back much of anything. He seems to have a pattern of making some really dumb decisions at the business level. Now I don't have insider info regarding the rationale behind his decision making, and maybe in the end he will look like a genius. I hope so. But thus far it has made no sense to me to sell 2.5B shares earlier in the year to raise capital for an acquisition when:

1) He has demonstrated 2+ quarters of earnings growth
2) Has no debt
3) And SOLD 2.5B shares when the PPS was so LOW.

Why didn't Fayiz PR his successes from number 1 and 2 above, the PPS would appreciate THEN sell his 2.5B shares. One could only argue that there is something wrong with financials otherwise Fayiz would have let nature takes its course. Unless he is a very poor business man. This is what has puzzled me. Just do the math. Sell 2.5B shares at .002 or sell them at .01 or .05 The diff is staggering.