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  4. Nanotech Entertainment Inc. (NTEK) Message Board

Is the reason for dilution? Also, where was the D

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Post# of 96891
Posted On: 09/16/2016 3:45:11 PM
Posted By: pigbilly
Is the reason for dilution?
Also, where was the DD in this matter, since it came as a surprise to me.
( along with the $1 million in convertible debt)
Someone in the know here should be able to verify or discredit this recent post on YAHOO:

"T212
3 days ago
For those who wish to see the K2 contracts that NTEK breached and failed to make required payments under, they are exhibits to the K2 lawsuit (which anyone can purchase).

The first K2 contract is Exhibit A styled 'Video On-Dmeand Licnese Agreemnt' and is undated butt signed by Mark Kessler, President of K2, and Aaron 'Wire Transfer' Taylor as EVP of NTEK.

The second K2 contract is Exhibit B and styled as 'Video On-Demand License Agreement' dated 20 August 2014 and also signed by Kessler and Taylor.

Other exhibits are the payment schedule and various emails showing NTEK failing to make the payments and claiming that wire transfers were done when they were nott done and are unpaid and in breach of the agreement.

NTEK investors should really spend a few bucks and gett the K2 complaint with the exhibits so one can see how badly NTEK has screwed itself in just this ONE minor ($715,000 plus INTEREST and ATTORNEY FEES and EXPENSES for K2) legal matter. Plus NTEK's own legal fees and expenses of course.

And the Cinnafilm v. Nanotech Entertainment lawsuit pending in is also available. Case Number: 1:16-cv-00143"


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