Replies to post #363790 on NanoTech Entertainment Inc (NTEK)

[Mexico10]

MUST Read.

[Sleepy2016]

It's a convertible debenture just like the one David Foley made via Royal Capital that resulted in a 2 billion OS before reverse-splitting. Except this one is roughly 20x larger.

The 10Q says that $21 million note was closed during the period yet they only have $620 in cash. Can you explain that?

[Benji]

Haha only $620 cash left lolololol scammed by the Foleys

[Benji]

Party already started years ago for the Foley, sheep are funny lolol NTEK

[BeverlyH]

It's toxic convertible debt Goodbuddy.

The key word being "convertible." And with 600 bucks in cash and a net negative revenue balance of $418,000 for the latest period, NTEK's financials are just getting worse and worse by any objective measure.

Again, key word is "convertible." What's the only thing NTEK has plenty of that a toxic lender might take (convert) to offset any risk and loan made to an otherwise completely insolvent company like NTEK?

Fresh new shares. And a crapload of them.

And unless the liquidity increases ten fold from its current anemic pace, you can bet the conversion ratio will be unlike anything ever seen - even in the sewer of dark pinks.

[Hattori Hanzo]

It's not an infusion, it's an outfusion

[Ranchersw]

JUST ANOTHER NTEK SHELL TOXIC CONVERTIBLE DEPT NOTE. YOU ARE RIGHT, NO ONE IS GOING TO INVEST 21 MILLION INTO NTEK. JUST THE FOLEYS COMMITTING MORE SECURITIES FRAUD.

[Benji]

$21 million is a lot of selling, NTEK is a big time SCAM, infusion by VNDM LOLOLOLOLOLOL

[Benji]

How come NTEK is red after this infusion??? lol scam

[Benji]

How come NTEK is red again today? No one wanna invest in this "company"? Lol