NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Boosted By News

[[tagnumber 0]][[tagnumber 1]]After the decent run that NanoTech Entertainment, Inc. (OTCMKTS:NTEK) had in September it all turned sour and the ticker was seriously sliding down the charts, despite the regular optimistic press releases.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The start of November was pretty red for [[tagnumber 6]]NTEK[[tagnumber 7]], but things began to turn for the better after the first half. The company also filed its report for the quarterly period ended September 30, which at least showed that the company was operating at a profit, despite the fact that it didn’t boast any impressive numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $91 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $3 million[[tagnumber 13]] [[tagnumber 12]]total assets: $3.8 million[[tagnumber 13]] [[tagnumber 12]]total current liabilities: $415 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $2.5 million[[tagnumber 13]] [[tagnumber 12]]quarterly net income: $306 thousand[[tagnumber 13]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This led to some optimistic movement, but [[tagnumber 6]]NTEK[[tagnumber 7]] was still having a hard time. The percentile movements were small and the investor interest was quite low, which can be seen by the small daily dollar volumes that the ticker recorded.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday, about an hour after the session started, the company announced that their UltraFlix 4K UHD network will be available on [[tagnumber 6]]Samsung Electronics America, Inc.[[tagnumber 7]] Ultra High–Definition (UHD) TV sets this month, with the transactional VoD network launching November 25.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Looking at the intraday chart you can see that the news had an immediate effect and by the end of the session [[tagnumber 6]]NTEK[[tagnumber 7]] was sitting 16.33% higher than the previous day, at $0.0505. There was also more investor interest as the 5.2 million shares that changed their owners generated $260 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the ticker gapped down in today’s session and opened at $0.0421, but has managed to currently climb to $0.051. Will [[tagnumber 6]]NTEK[[tagnumber 7]] manage to once again close in the green or will it return to its downward course is for time to tell.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One thing is for sure, you should not skip doing your due diligence and weighing out the risks before making any investment decisions.[[tagnumber 2]]