Replies to post #96436 on NanoTech Entertainment Inc (NTEK)

[Castation]

I noticed their gross margin came down from 69% in June to 36% in Sep. why COGS of Media was so high? The rent expenses also tripled comparing to June. What's the financial impacts after they acquired another company? Was there an acquisition from July to September? Thanks.

[badillac]

You also have to realize that the company is putting profit back into the company!

The 2 Director film scanners they purchased this quarter cost $220k a piece. IR wouldn't confirm to me if they purchased it thru financing, cash, etc.

Now, look at the quarterly report.

"Cash flow from investing. Equipment - $578,489"

And the same dollar amount under the income statement.

"Building and Equipment - $578,489"