{"id":7613,"date":"2015-11-27T15:02:09","date_gmt":"2015-11-27T15:02:09","guid":{"rendered":"\/?p=7613"},"modified":"2015-11-27T15:14:38","modified_gmt":"2015-11-27T15:14:38","slug":"nanotech-entertainment-inc-otcmktsntek-grinds-to-52-week-low","status":"publish","type":"post","link":"\/articles\/nanotech-entertainment-inc-otcmktsntek-grinds-to-52-week-low\/","title":{"rendered":"NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Grinds to 52-Week Low"},"content":{"rendered":"\n

After a double-digit drop in yesterday’s session, NanoTech Entertainment Inc (OTCMKTS:NTEK<\/a>) stopped at its lowest closing price for the past 52-weeks. As the ticker slid 10% down the charts, NTEK<\/a> found itself wedged well within double-zero territory, at $0.0063 by the closing bell. Volume remained above the monthly average, at nearly 17 million shares traded.<\/p>\n

The company is struggling after another lackluster report for its first fiscal quarter. NTEK<\/a>‘s latest press release that came last Thursday and announced what was supposed to be yet another batch of exciting news concerning NTEK<\/a>‘s Ultraflix 4K HD streaming service. In addition to new availability options on a wider range of TVs, the PR highlights another expansion of the Ultraflix catalog, with Terminator Salvation the main point of interest. The Ultraflix catalog probably needs a lot more than a six-year old Terminator movie to become a proper revenue engine for NTEK<\/a>, considering it’s still made up primarily of 15-to-30 year old movies.<\/p>\n

NTEK<\/a>‘s latest report is the quarterly for the first three months ended September 2015. Here is the brief summary of the report’s balance sheet:<\/p>\n