Replies to post #224036 on NanoTech Entertainment Inc (NTEK)

[SurgeGuy2.0]

So you are saying 4K studios does not exist right? lol, how silly is that!

[halbaag]

Actually this is why 4K studios is likely not listed there. They are a (likely non-operating) subsidiary created by Nanotech.

An excerpt from one of Nanotech's Q's:

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either
currently anticipated or that occurred within the past 12 months:

1) In July 2013 NanoTech completed an agreement for the acquisition of Clear Memories, Inc.
2) In July 2013 NanoTech entered into an agreement for the acquisition of Magic Screen 3D, Inc.
3) In July 2013 NanoTech entered into an agreement for the acquisition of WEG, LLC.
4) In September 2013 NanoTech created a subsidiary, 4K Studios, that is focused on the production of original 4K
UltraHD content as well as the conversion of existing films into 4K UltraHD digital format.

A subsidiary can use the parent's identity (and stock etc.) if that is how they've decided to keep it (i.e. non operating). It could even be a notional stock piece, depending on how Nanotech decided to form the subsidiary. Then they can use the name (i.e. 4K studios) and do business with that name and report revs etc. and pay taxes etc. through the parent company, Nanotech Entertainment.

Many companies and their subsidiaries are structured in that way. Not a big deal.

$NTEK