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Nanotech Entertainment Inc NTEK
Posted On: 04/05/2016 7:45:11 AM
Post# of 96892
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Posted By: Krisandtilly
From Sec filings 2)On February 10, 2015
NanoTech completed the acquisition of High Velocity Enterprises Inc. NanoTech transferred all rights, title and interest to the assets of its gaming division to High Velocity Enterprises Inc. in exchange for 15,000,000 shares of stock in HVEL. The transaction was valued at $739,836. Once the
audits for NTGL are posted and the post forward split 150,000,000 shares of NTGL stock have been registered they will be distributed to NTEK.
NTEK will in turn distribute them to the shareholders of NTEK


How did I missed this?
On July 1, 2015 NanoTech agreed to divest its interest in clear memories in exchange for returned ntek shares issued in the original acquisition.
Are the "Shares returned" part of the , "recapitalizing the company"

http://www.otcmarkets.com/financialReportView...;id=150766













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