Replies to post #341437 on NanoTech Entertainment Inc (NTEK)

[ChitownMike]

Filings don't say any such thing. Last report from the TA PROVESVthe float was 1.7 billion. That means all those Royal capital shares are in the street. This isn't kind of sorta debatable. It's a mathematical fact

[DangFool]

Those shares came off restriction within seconds of being handed to Royal Capital.

Since that can only be done with aged debt, it would seem that they're backdating loan notes in order to allow them to be sold instantly.

If you were unaware, that's yet another kind of fraud.

Longs should demand to see just how much money NTEK believes it owes to David Foley, and therefore when the dilution might be expected to cease. Because right now, it looks like Foley simply gets it all, without end, and without restriction.

I think longs should have a problem with that.