Replies to post #22451 on NanoTech Entertainment Inc (NTEK)

[$mart_Dinero]

All of those shares were bought from the restricted shares. THat is a fact. Confirmation with Denise on that one.

[antcoster]

Directly from the PR released on 2/1/13


LAS VEGAS, Feb. 1, 2013 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) today announced that it has now completed the second phase of a plan to buy back shares of its common stock. The NanoTech Board of Directors had previously authorized a share repurchase program under which the company repurchased 25% of its outstanding common stock from the open market and in privately negotiated transactions. The program identified two stages, whereby a total of 195 million shares were acquired. The company had completed the phase one buyback on January 25th 2013 and has now completed the phase two buyback.


Also an email from their TA the day the buy back was completed:


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[e-mail]
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To:
AAnthony Coster
Date:
February 4, 2013, 12:00 PM
Dear Anthony,



As of the close of business on 02/01/2013 the issued and outstanding for NanoTech Entertainment Inc. was 550,860,531 shares.



For further information please contact the company [phone].


Any other questions???

[giaiv22]

Yes shares were also bought open market per PR

[antcoster]

So because the PR said the share buyback was on the open and private market, why are you Sauk g that it wasn't? And financials are being filed 2/15. So we will all see how the buyback was performed.