NanoTech Entertainment Inc (NTEK)

[Helter Skelter]

Explosion of shares...

So 6 to 8 years ago, the former chief technologist at NTEK sold game packs he did not have licensed from the company he founded and sold...game packs he created?

And what does that have to do with current activities at NTEK? Absolutely nothing.

...based on alleged debt, apparently, obtained from fraudulent activities...costing current ntek shareholders, and the company, itself, tens of millions of shares...valued in the millions of dollars...substantially more than..."Absolutely nothing."...

On March 23, 2012 the Company issued David Foley, employee, 29,910,566 shares of common stock 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.

Take another look. Pay extra attention to the dates > Didn't he declare bankruptcy? Where'd he get the $1,196,423?

The indictment claims that Foley continued to manufacture and sell counterfeit game packs to Daddona after his firing from Global VR until February of 2008.

Debt obtained from fraudulent activity? > ntek issuing shares for 2007 agreement and he's counterfeiting in 2008?

ntek should tell him to F off! And to return the shares!

foley=pos