NanoTech Entertainment Inc (NTEK)

[2bornot2b]

Little help...trying to wrap my mind around all the restrictive shares that were issued (as stated in the Quarterly Report of 03/31/13)(see: http://www.otcmarkets.com/financialReportViewer?symbol=NTEK&id=104493 )
and wondering when they will become unrestricted and wondering if any have already been unrestricted and/or sold causing the suppression of the share price?

Also trying to fully grasp and relate what 'Bankshot' is trying to impress upon us with his post at: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90774498
Is there an issue with NTEK retiring shares at a higher buyback price such as .13 versus .06 (do we even know how much was paid for the retired shares (if anything))? or were these shares that were never in anyone's hands yet anyways (restricted or otherwise)?
Admittedly I'm not the sharpest tool in the shed when it comes to some of these types of nuances.

From the NTEK Quarterly Report dated: March 31, 2013

"4) Issuance History
List of securities offerings and shares issued for services in the past two years.
Securities Offerings in the past two fiscal years:
On March 23, 2012 the Company issued David Foley, employee, 29,910,566 shares of restricted common stock containing the restrictive legend, at $0.04 per share, to eliminate $1,196,423 of compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount.
On March 23, 2012 the Company issued Robert DeKett, former CEO, 6,665,925 shares of restricted common stock containing the restrictive legend, at $0.04 per share, to eliminate $266,637 of compensation and expenses past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount.
On March 23, 2012 the Company issued Ted Campbell, director, 4,275,078 shares of restricted common stock containing the restrictive legend, at $0.04 per share, to eliminate $171,003 of compensation past due under the terms of a services agreement from 2010, and reducing the company’s debt by the same amount.
On March 23, 2012 the Company issued Philip Foley, unrelated and non-affiliated independent contractor, 965,250 shares of restricted common stock containing the restrictive legend, at $0.04 per share, to eliminate $38,610 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount.
On March 23, 2012 the Company issued Brian Smith, employee, 1,800,000 shares of restricted common stock containing the restrictive legend, at $0.04 per share, to eliminate $72,000 of past due compensation due, and reducing the company’s debt by the same amount.
On March 23, 2012 the Company issued Leslie Hayes, former employee, 1,500,000 shares of restricted common stock containing the restrictive legend, at $0.04 per share, to eliminate $60,000 of past due compensation due, and reducing the company’s debt by the same amount.
On March 23, 2012 the Company issued James Graham, independent contractor 24,000 shares of restricted common stock containing the restrictive legend, at $0.04 per share, as part of a completed services agreement from 2010.
On March 23, 2012 the Company issued David Miller, independent contractor 104,000 shares of restricted common stock containing the restrictive legend, at $0.04 per share, as part of a completed services agreement from 2010.
On March 23, 2012 the Company issued Mark Morris, independent contractor 550,000 shares of restricted common stock containing the restrictive legend, at $0.04 per share, as part of a completed services agreement from 2010.
On March 23, 2012 the Company issued Global Media Enterprises 250,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of an agreement that provides the NanoTech with shares in Global Media as well as exclusive rights to content owned by Global Media.
On March 23, 2012 the Company issued NanoTech Media Corporation 250,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of an agreement that provides the NanoTech with shares in NanoTech Media Corporation as well as exclusive rights to content and technology owned by NanoTech Media Corporation.
On March 28, 2012 the Company issued Joan Sherman, unrelated and non-affiliated investor, 60,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $60,000.
On March 28, 2012 the Company issued Bruce Schoengood, unrelated and non-affiliated investor, 45,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $45,000.
On April 20, 2012 the Company issued Joan Sherman, unrelated and non-affiliated investor, 53,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $53,000.
On May 2, 2012 the Company issued Philip Foley, unrelated and non-affiliated independent contractor, 500,001 shares of restricted common stock containing the restrictive legend, at $0.075 per share, to eliminate $37,500 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount.
On May 2, 2012 the Company issued Carl Bellitti, unrelated and non-affiliated independent contractor, 500,000 shares of restricted common stock containing the restrictive legend, at $0.075 per share, to eliminate $37,500 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount.
On June 19, 2012, the Company issued Bruce Schoengood, unrelated and non-affiliated investor, 29,547,945 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible
debenture, reducing the company’s debt by $29,547.95.
On July 9, 2012, the Company issued Randel Reiss, unrelated and non-affiliated investor, 3,589,808 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture,
reducing the company’s debt by $3,589.81.
On July 26, 2012, the Company issued Long Side Venture, unrelated and non-affiliated investor, 320,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $2,880.00.
On August 15, 2012 the Company issued Titan Edwards, independent contractor 125,000 shares of restricted common stock containing the restrictive legend, as part of a completed services agreement from 2009.
On January 2, 2013 the Company issued Samuel Shepherd, unrelated and non-affiliated investor, 5,537,430 shares of restricted common stock containing the restrictive legend, at $0.04 per share, as part of a conversion of a convertible
debenture, reducing the company’s debt by $5,537.43

On January 14, 2013 the Company entered into a buyback agreement, reducing the overall outstanding shares by 75,810,552, cancelling shares previously issued to Global Media Enterprises, in exchange for an ongoing royalty respective to certain media properties provided by Global Media to NanoTech and redistributing them as follows:
issued Worldwide Cargo, independent service provider 1,224,490 shares of restricted common stock containing the restrictive legend, at $0.0024 per share, reducing the company’s debt by $3,000.00.
. issued Long Side Venture, unrelated and non-affiliated investor, 26,030,874 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $154,102.79.
issued R&T Sports Marketing, unrelated and non-affiliated investor, 42,210,703 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $55,004.32.
issued Galaxy Worldwide, unrelated and non-affiliated investor, 42,796,086 shares of restricted common stock containing the restrictive legend, at $.0004 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $14,978.63.
issued M Stephen Roberts, independent service provider 780,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, reducing the company’s debt by $780.00.
issued David Foley, employee, 6,192,637 shares of restricted common stock containing the restrictive legend, as part of his employment agreement
issued Vince Cerisano, unrelated and non-affiliated investor, 17,424,658 shares of restricted common stock containing the restrictive legend, at $0.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $17,424.66.
75,810,552 shares returned to treasury.
On January 30, 2013 the Company entered into a buyback agreement, reducing the overall outstanding shares by 144,982,250, cancelling shares previously issued to NanoTech Media Corporation and redistributing them as follows:
issued Philip Foley, unrelated and non-affiliated independent contractor, 25,500,000 shares of restricted common stock containing the restrictive legend, at $0.006 per share, to eliminate $153,000 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount, and acquiring license
rights to proprietary technology and assets.
. issued Carl Bellitti, unrelated and non-affiliated independent contractor, 25,000,000 shares of restricted common stock containing the restrictive legend, at $0.006 per share, to eliminate $150,000 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount, and acquiring license rights to proprietary technology and assets.
Issued Alan D. Stone, affiliated board member, 3,100,000 shares of restricted common stock containing the restrictive legend, as part of a compensation agreement.
issued David Swanson, employee, 5,000,000 shares of restricted common stock containing the restrictive legend, as part of an employment agreement
issued Karen Davis, employee, 5,000,000 shares of restricted common stock containing the restrictive legend, at as part of an employment agreement.
issued Lance Allison, unrelated and non-affiliated independent contractor, 500,000 shares of restricted common stock containing the restrictive legend, at $0.02 per share, as part of a services agreement.
Issued Jeffrey A. Foley, affiliated CEO & board member, 5,000,000 shares of restricted common stock containing the restrictive legend, as part of an employment agreement.
144,982,250 shares returned to treasury.
On February 20, 2013, the Company issued Joan Sherman, unrelated and non-affiliated investor, 2,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible
debenture, reducing the company’s debt by $2,000.
On February 20, 2013, the Company issued David Foley, employee, 25,000,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note dated December 31, 2011.