Replies to post #56840 on NanoTech Entertainment Inc (NTEK)

[DR. EVIL]

Yeah...let's retire share so we can dilute...

[makeithappen]

The TA is ungagged and they haven't diluted since early Dec., but have reduced their outstanding by 30% once the 68 mil are retired. Why would they need to dilute when they are seeing revenues of about $10,000/ day? They are reducing shares to increase the SP and value so they can up list in the future. Bad question and one that is asked by someone that hasn't followed NTEK's progress and plan, nor done any research about this issue on their own.

[DavidRFoley99]

When you say "diluting of any kind" there is only one way to Dilute stock, and that is to issue more shares. Our Director, Ted Campbell, has already made public statements during our recent shareholders meeting that it is our intention to retire more shares, and we have identified and targeted a goal of reducing the outstanding shares by another 68 million in the near future. While the company has contracts that require issuance of shares to employees and some other partners, our overall goal, as stated, is to continue to reduce the outstanding shares not increase them.