NanoTech Entertainment, Inc. (PINK:NTEK) Spikes 200%
Sometimes, a failing company will recover for seemingly unexplainable reasons. This is the case of NanoTech Entertainment, Inc. (PINK:NTEK), a web TV business that suffered some damage in November, but unexpectedly raised its double-zero price several times in the past few days. 
The stronger days for NTEK came after a PR message stating the company, providing 3D television services, recently added programming targeted to the Latino community. The latest pump for the company came at the beginning of November, but the ticker lost its position rapidly, trading up and down for the last two months of the year before achieving Thursday’s dramatic rise. The spike happened with buying volume several times larger than usual. 
The double-zero penny stock aims to develop a thriving audience and solid content with its somehow limited resources:
- Zero cash reserves
- $130,350 total assets
- $1.9 million total liabilities
- 75 million stock at $0.001 par value
- $252,654 net loss
The company, mostly debt-financed, shows a limited revenue of $18,000. Its strongest bid for business success is its technology to convert television programming into 3D, stating that such technology will be used with leading TV set producers Samsung and LG, but no material deal has happened.
NTEK has shown itself to be a cyclical deal, and its low price allows for rapid purchases, a fast growth and a correction within days. It relies on regular pumps, spiking in similar ways in August and November last year and fell by more than 95% afterwards. The company uses a large list of planned businesses and technologies in the mails and PR messages, but in the end the biggest price effect comes from the pumps.
One of the NTEK stock pumpers, Titan Stock Alerts, has a medium-sized past record of paid or free promotions, with an average budget of $10,000. For the NTEK pump in November, Titan received $2500 for a short promotion. Its previous picks show differing results, but the biggest loser turned out to be Sycamore Entertainment Group, Inc. (OTC:SEGI), down to triple-zero price from its highs in October and November. It is best to estimate your own taste for risk, knowing how promoted stocks may change direction.
