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Nanotech Entertainment Inc NTEK
Posted On: 07/19/2016 1:29:11 PM
Post# of 96892
Posted By: Disco Bob
Re: GoinSouth #62709
You make good points GS. I have stated before in reference to audits how difficult can it possibly be to audit NTGL that has no revenue and at the time only three employees on payroll, few furniture pieces, warehouse lease, utilities, patent costs, local show cost, insurance, few protypes. How long would that take go through the check book and ledger. Half day, one day, few days? Then as it turns out its all stall talk about the audit activity because without carrying 150 million (times .021 as of cob March 31st or $3+ mil) undistributed ntgl shares on ntek books as an investment holding Q3 report would have shown a major loss. If they distributed the shares and there is no business activity reported at ntgl many shares would have been sold driving pps even further down than the current .0048. I think they are waiting for things to improve at ntek & ntgl before they release the shares. The current focus of mgmt. is on opportunities with ntek. Also there were some behind the scene issues to resolve. I believe a turn-a-round is coming possibly as early as August.













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