Replies to post #184881 on NanoTech Entertainment Inc (NTEK)

[shajandr]

Wow, so NTEK has printed 89,153,226 new shares in just 8 months!

That's 11,000,000 new FoleyShares every single month! What a dilution machine the FoleyFamily has got running here. No wonder the PPS is tanking - that's like 500,000 shares EVERY TRADING DAY that needs to be absorbed into the market.

No wonder Chardan (CHDN) and Vandham (VNDM) are so busy on the ask and pounding the bids every day!

As of the close of business on 08/14/2013, the following is the outstanding information for:

NanoTech Entertainment, Inc.

Authorized Shares 990,000,000
Total Shares Issued & Outstanding 464,292,868
Free Trading Shares Outstanding 388,027,287
Restricted Shares Outstanding 76,265,581


As of the close of business on 4/21/2014, the following is the outstanding information for:

NanoTech Entertainment, Inc
Authorized Shares 740,000,000
Total Shares Issued & Outstanding 553,446,094
Free Trading Shares Outstanding 496,228,523
Restricted Shares Outstanding 57,217,571

[shajandr]

The share O/S and free-trading numbers are from the TA (Stalt Inc.). You can reference this post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100973913

Go to the BIG Orange Facebook page and in the upper left you'll find people who called the TA on Friday and verified this. One person even got an email from Jeff Foley trying to spin this dilution as "employees exercising options". But options require 12 months to BEGIN vesting and vest over 48 months. So much for Jeff the Iceman's story.

Or you can call or email Stalt.

I'm sorry that the dilution is shocking - but one must face the fact that those are the actual numbers - as crazy as that dilution is for a company that CLAIMS to be profitable based on an insane unaudited Q posted on OTCmarkets.com that claims $4.4 million in "media" revenue (likely from the 250,000,000 NTEK shares issued to Nanotech Media, Inc. - D SHOAF, President, Treasurer, Secretary, and sole Director - with the Nanotech Media shares held by the Foley Family (proof is in the OTCmarkets.com financial disclosure of December 2013). That's the "Media revenue" of $4.1M.

Yet with a claimed $4.4M in revenue, NTEK's Q lists only $53k in cash and only $44k in accounts receivable. RIDICULOUS. Pure fiction from David Foley.

But call or email Stalt and you'll find that the 89,000,000+ new shares added in the last 8 months is FACT. And that is shocking!