Replies to post #41292 on NanoTech Entertainment Inc (NTEK)

[Nikodemos]

Noooo. ACTUALLY IT ISN'T: FACTS!

NTEK Debt as reported in the March 31, 2013 Financials is $1.4M.

The accumulated deficit is $5.2M.

Accumulated Deficit is not debt. The term used in place of
retained earnings when a corporation has a negative (debit) balance
in its account. While methods of accounting for an accumulated
deficit vary somewhat, it is common for businesses to note the
amount of the net loss under the stockholder equity carried by the
firm. This makes it possible to document the loss in the company’s
accounting records as well as identify the amount for purposes of
claiming any applicable tax breaks.

http://www.otcmarkets.com/stock/NTEK/filings


GET THE FACTS!!!


NTEK

[s17gator]

THOSE NUMBERS DO NOT LOOK GOOD TO ME AT ALL....what about those 250,000,000 million shares to roger cross did foley ever clear that up with INVESTORS....or is he to busy with ICE SCULPTURES....also if this POS was so good where is the volume on this POS....TOP O' THE MORNING...

[Nikodemos]

SOME READING ON THE MATTER TO BONE UP ON THE FACTS.

NTEK has just emerged from R&D & beat their OWN PRE-FILED
REVENUE TARGETS off of THEIR OWN BUDGET put forth in advance
of this Calandar YEAR:

2013 Cash Flow OVERVIEW

GET THE FACTS!!!!

An accumulated deficit is a term used to describe the amount of net loss that is incurred in a given year when a business shows a negative balance in its retained earnings. This type of deficit is realized when the company fails to make a profit for that particular year. While methods of accounting for an accumulated deficit vary somewhat, it is common for businesses to note the amount of the net loss under the stockholder equity carried by the firm. This makes it possible to document the loss in the company’s accounting records as well as identify the amount for purposes of claiming any applicable tax breaks for the period in which the loss occurred.

Identifying the accumulated deficit for a given period is important, since that amount impacts the amount of dividends paid out to investors. ...

http://www.wisegeek.com/what-is-an-accumulated-deficit.htm



Geez!!!


NTEK