Replies to post #272490 on NanoTech Entertainment Inc (NTEK)

[dodger0328]

How would you know more unless you are an insider?

[SurgeGuy2.0]

I think that is 100% false statement. Gaming labs pulled in nearly $40K last quarter alone. Drop in the bucket compared what their license agreements will bring in IMO. Not sure why folks think everything happens overnight. Company gave great updates just last month on Gaming labs, I was there in Vegas and saw the response of the ground and other industry folks, it was very impressive.

Your statement on revenue from expanded dilution is utter baseless. Financials state otherwise, and to dismiss them is a mistake, because audits will only verify what they are saying. Again, 95% of OTC file unaudited financials. Audits here only needed to uplist to current status. Also, the fact that NTEK reduced the A/S and recently reduced the O/S was a very strong indication that they have the ability to grow the business through current revenue streams. As I said, GL on your next venture.

[shajandr]

"Revenue expanded via dilution"

Thank you for that admission. Shares sales are NOT REVENUE, they are paid-in capital.

NTEK's financials claim "Sales Media" for millions in "revenue".

There is no such revenue. There never was.

It is accounting FRAUD.

It is why the Foley's will NEVER have an audit.

Publishing those false financials while selling their personal stock is SECURITIES FRAUD.

The Foleys have been engaging in SECURITIES FRAUD.

Thanks for admitting that the "revenue" is not revenue, but share sales that are paid-in capital.

[shajandr]

"Revenue expanded via dilution"

theiceman13
Thursday, 01/22/15 04:27:06 PM
Re: MadHatter326 post# 272191

Post # 272192 of 274382

see that's just it, they are making money via dilution, not from sales.... period.

Thank you for that admission, TWICE, theiceman13.

Do you realize that shares sales are NOT REVENUE, they are paid-in capital.

NTEK's financials claim "Sales Media" for millions in "revenue".

There is no such revenue. There never was. It is money from sales of NTEK shares via the Nanotech Media NV entity. That is NOT REVENUE.

It is accounting FRAUD.

It is why the Foley's will NEVER have an audit.

Publishing those false financials while selling their personal stock is SECURITIES FRAUD.

The Foleys have been engaging in SECURITIES FRAUD.

Thanks for admitting that the "revenue" is not revenue, but share sales that are paid-in capital.

That is proof of what I have contended ALL ALONG. The "Sales Media" "revenue" is NOT revenue in any sense at all - the NTEK financials are PURE FRAUD - 100 percent FRAUD.

There never was any "profit" for the nominal "dividend" they paid as part of pumping the PPS - and they had to FINANCE that dividend by selling a boatload of shares to a toxic financier within a week and a half of the dividend payment.

NTEK has never been anything but a SP_G-type fraud, using share sales claimed as "revenue" to pump the PPS to sell more shares and give the impression of a thriving company and pay salaries to the FoleyClan of grifters.

And now the OS is maxed out against the AS. That's why Davey tried the scam of acquiring HVEL, so he'd have a new source of public shell shares to print and sell to keep the "revenue" flowing even though the NTEK OS is maxxed out. He was also trying to use the HVEL "acquisition" as an excuse for an R/S and/or huge AS increase. But that ain't gonna work - at least not with HVEL.

The only options left are a massive reverse split and/or a huge boost in the AS. These will be required by a toxic financier as part of the funding agreement - but it may even be too late for that, because in 6 months Davey will be in the joint and NTEK will be busted and the financier would be facing no market to dump into.

Bottom line - you've admitted twice now that NTEK does not have revenue - they have share sales proceeds which they are fraudulently reporting as Sales Media revenue.

And that is dead-on, spot-on SECURITIES FRUAD when the Foley's have been dumping their personal shares under cover of these FALSE, FRAUDULENT financials.

And there will never be audits - for that reason and many others.

NTEK is on the cusp of the implosion. You are exactly right about that. But realize that SECURITIES FRAUD is the much more serious issue for DaFoleys. And that includes Jeffy who signed off on the fraudulent financials and the CFO.

Now, one related point bears comment. The restricted shares BIG acquired last April "pursuant to a prior contact" need not be held for a year from ISSUANCE in April, they can tack back to the date when those shares were earned under the promotion contract. BIG could dump those shares 12 months from when he performed the paid promotional services the contract terms specified. Undoubtedly he is dumping everything he frontloaded already, but you can bet he's pushing hard behind the scenes to get those April issued shares delegended NOW so he can dump them above a penny.

The predicament was given away by the transparent HVEL gambit (an old pennystock shell game trick) and the gagging of the TA (and that is exactly what it is - not the BS that is claimed "due to the acquisition of Stalt". It's all due to the OS being maxxed out and the need for darkness as they shift as many of the restricted shares into the float and dump them as fast as possible.

NTEK is a share-selling pyramid scheme, and like all pyramid schemes it eventually hits the point of unsustainability and collapses.

That's what SECURITIES FRAUD produces.