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  4. Nanotech Entertainment Inc. (NTEK) Message Board

Back in 2013 the company reduced o/s 250 mil to ab

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Post# of 96897
Posted On: 02/13/2016 10:27:55 PM
Posted By: Disco Bob
Back in 2013 the company reduced o/s 250 mil to about 730 mil. The goal was to continue reducing o/s shares and pay up to 10% of profits to s/h. We did get a small divie in 2014 and in 2015 ntgl spin off with shares pending. The stock advance rapidly from .01 to .17 on launch of NP-1. When decision was made to go with the ultraflix app and get content and platforms it cost big time bucks before launch resulting in massive dilution to where we are today .0025. If the company is making millions from new subs then I would hope they use some of it to repurchase the shares as quickly and as often as they can which will raise the pps. Without further information the only way that makes sense to me for a r/s is to apply for uplisting. Otherwise r/s scares the hell out of me providing more opportunity for those that wish this company fail.


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