NanoTech Entertainment Inc (NTEK)

[shajandr]

Your opinion is wrong. I have been questioned by auditors on every audit of public companies like NTEK that I have worked for. They routinely question any person with significant sign-off authority regarding individual expenditure authorizations, contractual obligations, financial records, pending or potential litigation(s), even purposes of travel expenses and food/entertainment receipts to explain what the meeting was about.

Auditors will have hundreds of ongoing questions for David R. Foley, founder of NTEK who did the prior financials, but he will be in Federal prison and prohibited from any business communications so the auditors will not be able to get these questions answered by Foley until his relase, 20.4 months after he goes into Federal prison.

Thus an audit of NTEK can't be completed until he is released in two years. - Even if NTEK really intends to do an audit. which history and their decicion to file Form 15 and go dark, no longer reporting to the SEC, suggests they do not.