NanoTech Entertainment Inc (NTEK)

[Nikodemos]

Noooo. ACTUALLY IT ISN'T: FACTS!

NTEK Debt as reported in the March 31, 2013 Financials is $1.4M.

The accumulated deficit is $5.2M.

Accumulated Deficit is not debt. The term used in place of
retained earnings when a corporation has a negative (debit) balance
in its account. While methods of accounting for an accumulated
deficit vary somewhat, it is common for businesses to note the
amount of the net loss under the stockholder equity carried by the
firm. This makes it possible to document the loss in the company’s
accounting records as well as identify the amount for purposes of
claiming any applicable tax breaks.

http://www.otcmarkets.com/stock/NTEK/filings


GET THE FACTS!!!


NTEK