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Nanotech Entertainment Inc NTEK
(Total Views: 483)
Posted On: 05/11/2017 6:52:34 PM
Post# of 96891
Posted By: Karosin
Re: Atlas1 #77731
I hate to argue with you Atlas since you are one of the longs I actually respect (including Fuja). But it works both ways. NTEK doesn't have to issue a Form 4 when selling their shares either. Does Jeff Foley still own millions of shares bought in the teens pre-split? Doubt it. Is Lisa Foley still holding her 30 million shares? Doubt it. We all know David Foley was in a selling war with Blankenship during NTEK's dilution fananza to sub .01 levels pre-split. They all sold out, which tells you (at least implicitly) what they feel about NTEK's prospects in the future (that dilution might occur). So I implore shareholders to ask management to buy shares on the open market. I already have multiple times but it appears that only when enough shareholders complain that their guardian angel appears and decisive action is taken.

I don't agree with your insinuation that insiders might have bought shares on the open market and just didn't report it. Considering the precarious state of the company and the 'Wild West' nature of the OTC, it would make sense to report it to keep morale high since they have that option.

On a side note, I don't think using the Form-15 filing nature of the company as the foundation for an argument as especially strong and persuasive. If they actually reported to the SEC, most arguments on here would be mute.













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