We have had questions about the recent issuance of shares by the company. First and foremost it should be noted that all issuances of shares by the company are restricted and cannot enter the market for a minimum of 1 year. Almost all of the recent issuances have been purchases by employees taking advantage of the low market price. NanoTech has a stock option plan for its employees encouraging ownership in the company. Beyond the normal holding period, employees also have a restriction on the amount of shares they can sell at any time to eliminate any impact on the market or share price. We have had several questions about the recent drop in share price. The company does not have any control over the share price, and we believe that a lot of shareholders that have recently passed the one year holding period to reduce their capital gains exposure have been dumping. This is based on a review of the shareholders last year to this year, with many of the shareholders that purchased in the sub penny price now sold out of their positions. The company has plans starting next month to buy back sharesand as recent filings have shown company executives have been purchasing tens of thousands of dollars’ worth of shares in the past two weeks at these bargain prices. While the stock price is temporarily low, we have the utmost confidence that upcoming news and product releases will be very well received and market confidence will grow ever stronger. If you have further questions we invite you to contact Christian Hansen and our IR team. They are happy to provide any details and answer any questions about NanoTech, The Future of Television.
Yep, and supposed financials too. Click your heels 3 times and believe, I'm sure it will all come true in NTEK land. -------------------- SHARE BUYBACK iN PROGRESS. .............
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