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Nanotech Entertainment Inc NTEK
Posted On: 11/18/2015 12:08:24 AM
Post# of 96892
Posted By: Enyaw
Re: Ctown #39112
Two thoughts:
1. NTEK buyback (doubtful)
2. Clear Memories divested from NTEK and original shares issued for acquisition were returned to treasury. This was noted in the qtrly financial disclosure. I have been trying to find the original disclosure on the acquisition to verify the number of shares in that transaction but to no avail.

http://www.otcmarkets.com/financialReportView...;id=147231

Quote:
5) On July 1, 2015 NanoTech agreed to divest its interest in Clear Memories in exchange for returned ntek shares issued in the original acquisition.




Quote:
Can anyone explain the 5 million reduction in the outstanding shares from 11/9 to 11/17. I just noticed it on the share structure page here.

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