007StockChat and PennySt0ckSpy Return to Pump NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Once Again.
We have been following the stock of NanoTech Entertainment, Inc. (OTCMKTS:NTEK) for some time now. In 2013 the ticker has made a tremendous climb starting from $0.01 in January and reaching a high of $0.14 just a week ago. For the most part the uptrend was supported by their own strength and the occasional PR article. Well, for the most part.
On June 24 007StockChart began touting ETEK for the disclosed compensation of $20 thousand. On the next day PennySt0ckSpy also joined in on the effort.Now both newsletters have decided to try once more after negotiating a raise that brought their paychecks to $25 thousand. In an attempt to deliver better results this time they have reinforcements in the face of Stock Reports Newsletter who also bagged $20 thousand.
The timing of the promotion coincides maybe too perfectly with a couple of promising announcements made by NTEK that are expected to boost the confidence of their shareholders. First, they finally opened the pre-orders for their media player capable of supporting 4k UltraHD which will boast NVIDIA’s Tegra® 4 mobile processor.
Then yesterday came the news that NTEK have acquired the company Clear Memories, Inc. The decision to add a subsidiary specialized in making 3d ice sculptures seems rather odd having in mind that NTEK is focused on mobile gaming and social networking. But maybe in reality it wasn’t that hard when Clear Memories was the company of their current CEO. Also a distinct lack of any substantial details about the agreement can be observed in the press article. We will have to wait for their next report to see what the effect on their fundamentals will be.
We have already discussed most of the concerns we have about NTEK in our previous articles. Now with them being pumped the risks are even higher. Still the company expects to start shipping their production in a month so they may be able to sustain the current price levels of their stock.
Another pump that crashed yesterday is the one for New Western Energy Corp. (OTCMKTS:NWTR) when they had 15% of their value slashed. Eco-Tek Group, Inc (OTCMKTS:ETEK)’s own promotion suffered even bigger setback when the stock crashed by more than 20%.