The reduction was only in the restricted stock, meaning they paid some insider off in cash rather than making them dump their 6 million shares on the open market.
Besides, if they were buying back shares, who was dumping all this week?
And the much-touted 250 million share reduction.. wasn't that to split off Nanotech Media or some such in Nevada, yet another shadowy offshoot?
Another claim proven wrong. NTEK was tenaciously labeled to be a share selling scam when in fact just this week more than 5 million shares were bought back reducing the O/S to 724 from 730 million.