Replies to post #24916 on NanoTech Gaming Inc (NTGL)

[PennyWorld]

WC...you say....almost certain that we will get the news about financial reporting and the likely exchange uplisting.

What is your source on this? May I ask. What information do you have that makes this seem 'almost certain'? I'm hopeful too. But where are your facts to back that certainty up? Please!!

Most traders who have been around the block know that an R/S with a .0001 stock is a death sentence. I just want to know where your optimism is that FH will uplist or start reporting???? Where are you coming from with that? His 'proposed' solid balance sheet and income statement is for him not us at this point in the game.

You must admit for this R/S to be out in the public domain since 4/1/14 and FH not issuing a PR does not bode well for the common SH. FH clearly does not give a crap about us.

I can only pray that I am wrong and that he has a master plan in place which benefits the SH. But anybody who decides to bail at this point is simply exercising wise Trader Risk Mgmt. There are great books written on the subject, and I've read a couple. So I would not blame any trader for opting out. Under the circumstances opting out may turn out to be the prudent thing to do. It's all about Trader Risk Management.

But having said that...yes, we could all be surprised by FH. But from someone (me) who has had lots of conversations with the guy over the last decade, and have lived through his lies ...I don't have the confidence level that you have. He is very greedy and he can make a small fortune (again) by dumping after another R/S.

The Big Question is....has he developed any scruples since 2002 and will he "do what is right" for himself, his family and us SH.

[WhatsCookin]

Penny, a 6003 to 1 reverse split which leaves 1.67 million authorized (not outstanding) shares trading over a dollar a share imho is for one purpose and one purpose only..to go to a higher exchange. Who is going to buy what will be a totally illiquid stock with a bid of about 75 cents to a buck and a quarter trading on the pink sheets? The answer is NO ONE. That is not a means to get the unlimited dilution the bashers are hoping for. If that's what Mr Hilal wanted to do, then he'd split it 100 to 1 or 500 to one....not 6003 to 1.

As far as the timing of the financial reporting, Mr Hilal appears to have a requirement to provide the list of officers to Nevada by April 30th. And as your bud Orangeman pointed out last night, he thinks there is a 30 day window starting April 1st to announce the reverse split. Now, if your intention is to get to a higher exchange, then it would be "almost certain" for the financials to be presented at the time of or before the uplisting in order to achieve that goal. I'm also pretty certain that he'd have to present audited financials to the exchange before they would accept his company to the exchange. The higher exchanges are uppity about things like that.

I notice your negative R/S and Hilal talk affected one of out short-termers today Penny. The jury is obviously still out, but what you say on this board does have it's impact, especially during one of the worst weeks on the pinks and all exchanges this year.

And when you call Cetek. as I did as well today, what do either of us expect to hear? Whatever you need to know Mr Penny or Mr Whatscookin...just ask anything you want? I called because I wanted to see who was answering the phone after you reported. I was polite and professional as well and the young guy told me that he "couldn't make any comments about that", and hung up. Like your call, I didn't hear a click, but being on a cell phone, the call was definitely ended, meaning he hung up. And that's fine with me because he's obviously just answering the phone in after hours in case a customer is calling.

Enjoy your weekend..it looks like a beauty here.