238 MILLION NTEK SHARES RETIRED!!!! Note the
Post# of 96879
Note the words used by Jeffery Foley,
OS fewer than 546mm , increasing shareholder value
Revenue from pinball greater than forecasted
Revenue just beginning to flow from NMED and NCOMM
GOAL TO BE PROFITABLE THIS YEAR
Here is the "retirement statement", directly
from NTEK with quotes from CEO Jeffrey Foley:
Quote:
So far in 2013 a total reduction of 238 million shares have been
acquired by the company and returned to treasury.
"Our total issued and outstanding shares have now been reduced to
fewer than 546 million shares. The shares have been returned to
treasury and our new lower total outstanding shares are now
reflected in our accounts at our transfer agent ," stated Jeffrey A.
Foley, President and CEO of NanoTech. "This continued reduction in
outstanding shares has given us more leverage for future contracts
and investments strengthening the company while increasing
shareholder value." Foley closed by stating, "With pinball
product sales higher than forecast, combined revenues being to flow
from both our media and communications divisions, we are looking
for a continuation of growth in the second quarter of 2013 (Q4FY13)
and beyond. Our goal is to move into profitability this year."