{"id":3345,"date":"2013-12-05T12:13:36","date_gmt":"2013-12-05T12:13:36","guid":{"rendered":"\/?p=3345"},"modified":"2013-12-05T12:20:47","modified_gmt":"2013-12-05T12:20:47","slug":"nanotech-entertainment-inc-otcmktsntek-steps-further-down-despite-pr","status":"publish","type":"post","link":"\/articles\/nanotech-entertainment-inc-otcmktsntek-steps-further-down-despite-pr\/","title":{"rendered":"NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Steps Further Down Despite PR"},"content":{"rendered":"

\"07NTEK_chart.png\"In Wednesday trading the share price of NanoTech Entertainment, Inc. (OTCMKTS:NTEK<\/a>) dropped by another 9% to a close of $0.14. The ticker lost nearly 20% in three sessions, after peaking at $0.17 in Friday’s short session. <\/p>\n

The company posted its latest bit of PR, announcing a partnership with Graphin Co. – a subsidiary of Japanese $2.5 billion company Techno Horizon Holdings Co. Ltd. The partnership includes Graphin distributing NTEK<\/a>‘s products in Japan. Further, NTEK<\/a>‘s Nuvola 4K streaming player is being showcased at a currently ongoing expo in Yokohama.<\/p>\n

Even though the news hit the wire on Tuesday morning, the ticker didn’t manage a green close but instead recovered from an early morning dip and still closed red despite clawing even further up before the closing bell. Yesterday’s open brought another slide and despite a brief recovery around noon, NTEK<\/a> still closed the session 9% down.<\/p>\n

NTEK<\/a> managed to log commendable revenues in their last reported quarter ending September 2013. Gaming and media sales have grown significantly and brought the quarterly number to $3.3 million. However, NTEK<\/a> will need to work out a way to cut costs as that juicy number ended up as a mere $79 thousand in net profit. The company also had a rather small amount of cash on its hands as of the report’s date – $65 thousand.<\/p>\n

NTEK<\/a> has generally been left alone by pumpers, with occasional drive-by promotions and a single more coordinated effort on part of Money Runners that stretched from mid-October to early November and likely helped the ticker’s previous run.<\/p>\n

\"0VPCO_chart.png\"Other big percentile movers in yesterday’s session include Vapor Corp. (OTCMKTS:VPCO<\/a>) who once again reversed their green run, dropping 10% on heavy share volume to a stop at $1.75. Vitamin Blue, Inc. (OTCBB:VTMB<\/a>) closed 160% up, a fact made less exciting by the addition of a stock pump by Penny Stock Whispers and the fact that after the surge, the ticker stopped at $0.002 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

In Wednesday trading the share price of NanoTech Entertainment, Inc. (OTCMKTS:NTEK) dropped by another 9% to a close of $0.14. The ticker lost nearly 20% in three sessions, after peaking at $0.17 in Friday’s...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[247,779,67],"class_list":["post-3345","post","type-post","status-publish","format-standard","hentry","category-news","tag-ntek","tag-vpco","tag-vtmb"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3345"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3345\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}