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  4. Nanotech Entertainment Inc. (NTEK) Message Board

At SHM did they indicate when they expect to be pr

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Post# of 96892
(Total Views: 455)
Posted On: 01/28/2018 7:29:46 PM
Posted By: Disco Bob
At SHM did they indicate when they expect to be profitable? If they will use 10% of profits to buy back shares will that occur in fall when revenue should be at its peak. Will they use any of the 21 million to get process jump started since share price is so low and they can purchase a lot of shares cheap. If they are going to purchase one or two studios, add more employees to their 13 they have, pay for six contracts with content providers, pay law suit, and pay for marketing, and maintain funding agreement costs, then I don't see any instant profits until everything in place to begin the money machine with rental income and 4K conversion. It would be really cool if this can take off with assistance of Foxxum but we have to allow little more time to get everything in place to rock and roll. In mean time, I hope they will have earned sufficient cash flow to maintain their expenses without dipping into 21 million tagged for expansion until that all happens. Maybe someone at SHM can provide information which relates to time line of expected profit growth and projected buy backs. It would be nice if they can buy back 10 million shares a month to ensure 100 million buy back goal is completed this year. That alone should be catalyst for pps growth.


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