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  4. Nanotech Entertainment Inc. (NTEK) Message Board

We were told at shareholder meeting in Aug 2015 th

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Post# of 96895
(Total Views: 520)
Posted On: 01/10/2017 3:08:35 PM
Posted By: Disco Bob
Re: bigalsab #71843
We were told at shareholder meeting in Aug 2015 that revenues were robust and they had enough money to get through year when ultraflix would then be on majority of platforms. Then in early 2016 turns out they needed to dilute stock. Then comes the devastating R/S to reduce million dollar debt. What on earth happen to the robust revenue growth and resultant need to raise money? Not much explanation that I know of. Promises to keep shareholders informed were very limited and far between and didn't provide much answers to what's really going on. Except to report they were excited about the r/s to reduce debt and as you know reduced shareholder value over 90-98%. No further news on involvement with NFL, what's going on with NTGL business and share distribution, no announcement of new hires, new content providers, new deals except that they reduced costs 75% for content without much detail provided with who. On and on. In mean time I am at a loss to try and defend NTEK to the many family members, personal friends and former work associates who have seen their investment shrink to near nothing after I talked them into buying. I still wave the NTEK flag but have been seriously wounded by the continued lack of information needed to keep confidence up.


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