NanoTech Entertainment Inc (NTEK)

[antcoster]

So I exchanged a bunch of e-mails with Lorraine after I had read through the disclosures this afternoon. Like most I was annoyed about them to retire shares only to give out more shares as restricted shares. The information that I had received from her (and I'll be happy to share with any of you, just PM me and I'll send to you. I have had messages deleted from mods for posting the direct e-mail and I'm on very thin ice with I-Hub so PM me and I'll get you the info)

Prior management made some contractual deals that alot of shares would have came off restriction soon. Instead of having those shares come off restriction, they issued them new restricted shares in their place. NTEK's restricted shares stay restricted for a minimum of 1 year, at least. Lorraine also said to me that over 500 million shares were retired and a little over 220 million shares were issued as restricted shares. Of those 220 million restricted shares, about 70% of them were issued to insiders & employees and confirmed that those shares will likely never hit the open market. There was also 80 million shares that NTEK will try to re-purchase back in cash before the minimum of one year restriction is up.

Also, in order for restricted shares to become unrestricted, there are strict guidelines that one must follow in order to qualify those shares to become unrestricted and released into the float. If you would like to read those guidelines here is the SEC website that presents all the guidelines:

http://www.sec.gov/investor/pubs/rule144.htm

Now again, there are very strict guidelines on the sale of restricted shares that become unrestricted. Just because employee A was given 5,000,000 shares, doesn't mean he can sell 5,000,000 shares 366 days after issue. They are only allowed to sell a certain percentage every 3 months. Read the above website and you'll get an idea.

Also, none of this is toxic financing either. All of these buybacks were done to prevent restricted shares to become unrestricted. There is at least one year before any of these shares could even be released into the float. It was done to preserve the value of the company in the right now and to give it time to build up revenue and cash reserves to give it the flexability to re-purchase these shares back in the future when cash flow allows.

This is all of my opinion in the e-mails that I have exchange with IR at NTEK. If anyone disputes this information, please PM me and I'll be happy to provide you proof straight from the horses mouth. I am allowed one post a day and this is it. Thanks for your time.