NanoTech Gaming Inc (NTGL)

[WhatsCookin]

Igoio, for many years since 2006, the reported outstanding was 6.1 billion shares. However, after DrLarzo's recent review of the Reg Ds in 2005 and 2006, it appears that convertible debt was issued and not shares of stock. And since no fees were ever paid to the transfer agent for the stock, we believe that convertible debt was retired without being converted to shares of stock. That would mean there could be a couple billion shares less outstanding than the 6.1 billion which reflected conversion of all debt to shares. We obviously need an update on this, but the point is that the O/S may be a lot less than advertised. There has been no dilution since 2006 and the company has no debt. It had an unheard of 15 to 1 current ratio in the 15c-211 filing in 2006.