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Nanotech Entertainment Inc NTEK
Posted On: 05/23/2013 10:30:22 PM
Post# of 96892
Posted By: BigT65
238 MILLION NTEK SHARES RETIRED!!!!


Note the words used by Jeffery Foley,


OS fewer than 546mm , increasing shareholder value


Revenue from pinball greater than forecasted


Revenue just beginning to flow from NMED and NCOMM


GOAL TO BE PROFITABLE THIS YEAR



Here is the "retirement statement", directly
from NTEK with quotes from CEO Jeffrey Foley:



Quote:

So far in 2013 a total reduction of 238 million shares have been 
acquired by the company and returned to treasury.

"Our total issued and outstanding shares have now been reduced to 
fewer than 546 million shares. The shares have been returned to 
treasury and our new lower total outstanding shares are now 
reflected in our accounts at our  transfer agent ," stated Jeffrey A. 
Foley, President and CEO of NanoTech. "This continued reduction in 
outstanding shares has given us more leverage for future contracts 
and  investments strengthening the company while increasing 
shareholder value." Foley closed by stating, "With pinball 
product sales higher than forecast, combined revenues being to flow 
from both our media and communications divisions, we are looking 
for a continuation of growth in the second quarter of 2013 (Q4FY13) 
and beyond. Our goal is to move into  profitability this year."














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