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Nanotech Entertainment Inc NTEK
(Total Views: 218)
Posted On: 06/22/2017 8:33:34 AM
Post# of 96892
Posted By: Disco Bob
As far as FY 2017 is concerned the past 12 months there has been progress but also it has been devastating to pps. The pre-split share price is now .00096 and is the reason in my case for 98% loss. I was against the split but they apparently needed to sell shares and after split last July they nearly doubled the outstanding shares diluting this stock to its lowest level. A start up needs money and with all the hard work they were doing to establish the product they couldn't sell more stock when they had more than doubled shares outstanding to 2 billion and needed to sell another 2 billion shares to stay afloat. So the split and immediate dilution from 80 mil to 140 + mil. The pps couldn't hold up because the revenue wasn't keeping up with expenses and the legal settlement impact was also pretty significant. That's all in the past now. They have survived and when they could have easily sold the company they didn't. Instead they have made substancial progress with partners and setting up for the future. I believe that coming fiscal year will be all worth our time and investment and we shall all see what we have waited for come to life. I'm more than ready to put last year behind and very excited for what comes next.













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