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  4. Nanotech Entertainment Inc. (NTEK) Message Board

Lets see if I understand all this. The company ha

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Post# of 96900
Posted On: 07/19/2016 2:14:10 PM
Posted By: Disco Bob
Lets see if I understand all this. The company has diluted this stock to point that they can't expand using more shares that nearly worthless so they have to due a r/s to make shares more attractive for potential deals. Instead of 2,010,000,000 authorize shares they did 25.1 for 1 reverse spit reducing long term stock holdings but not the authorized shares which will now be 499,000,000 (up from 80,079,681 at 25.1 split). That is 6.25 times after split increase in A/S. So now they have shares to attract business deals and talented people to ntek. Instead of having to double the presplit shares to 4 billion worth less than .0001. I hope this dilution works and we become a multiple dollar stock soon because I have pretty lost everything I put into this as well as the confidence of family, friends and business associates. I trust the company plan will save what's left of my investment. I have to continue to support the decision although disappointed it had to be done to advance the company. My new break even point sucks.


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