Replies to post #13855 on NanoTech Entertainment Inc (NTEK)

[Tigerwind]

PR said about 500m shares floatable.. most likely 200m locked by big investors already.

[Nikodemos]

"Our total issued and outstanding shares have now been reduced from
over 766 million shares to fewer than 575 million shares. The shares
are being returned to treasury and our new lower total outstanding
shares will be reflected in our accounts at our transfer agent by
the close of business on Monday," stated Jeffrey A. Foley, President
and CEO of NanoTech.

...
[IS THIS FORESHADOWING? (below)]
...

"This reduction in outstanding shares has given us leverage for
future contracts and investments strengthening the company. This
also reiterates our commitment to building long-term value for the
company and its shareholders." Foley closed by stating, "We will
use these assets to optimize our opportunities to increase
investments in R&D as well as enter into strategic partnerships and
acquisitions. The buyback puts us in a stronger position as we
identify such opportunities."

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