NanoTech Gaming Inc (NTGL)

[WhatsCookin]

Walker, welcome aboard. You hit the nail on the head that the stock should never have dropped so low. It was trading at .0024 when Hilal issued a disappointing 15c-211 when he moved the registration from Delaware to Nevada. Sales at that time looked to be at about a $3 million run rate, and this disappointed a lot of investors who were expecting double that or more, So it dropped into a range of .0006 to .001.

There was also an additional Regdex after the company announced a 3 year $10 million contract with a Korean company that never came to fruition. And after that it steadily traded downward to no bid within a couple years in the absence of news from the CEO for what is now over six years (after a perfunctory year end 2007 greetings to shareholders) and a steady does of bashing from what we believe are NS MM tools. There have been very substantive updates though on the Cetek website on the technology, the inventories of stock, and a major upgrade of the Hybrid-Tek facility in a video which I highly recommend watching.

Now we know the annual revenues are around $10 million with 45 employess from publicly available data and he is currently hiring six new employees. Cetek has at least three subsidiaries, and one of them Hybrid-Tek alone is probably worth .002 or more with defense contracts and operating in a modern, extremely high-tech facility. DannyD recently visited there and was extremely impressed with the operation employing 16 highly paid employees.

There are some unknowns, like the exact share structure, but it now appears highly likely that the 6.1 billion shares which Hilal posted back in late 2006 reflected convertible debt that he never converted into shares of stock, as documented in DrLarzo's research posts. So it appears highly likely that the share count is no more that 4.6 million shares, to err on the conservative side, and quite possibly considerably less than that. There has been no dilution since the 2006 regdex, unheard of for a pink sheet company.

Good luck to you.