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NanoTech Entertainment Drops Further Despite Releasing First TV Show (NTEK)

The stock of NanoTech Entertainment dropped further in today’s trading session, despite the company’s recent positive news of releasing the first NanoTech-branded TV show. NanoTech Entertainment dropped 2.5% and closed today’s trading session at a share price of $0.0078. Volume of the stock traded below its daily average at 317,390 shares.

NanoTech Entertainment has not produced an attractive stock chart in 2012, with a year-to-date loss of 83%. The stock rallied in the first quarter of this year, but has been steadily declining since April 9, 2012, when NanoTech Entertainment traded to an annual high of $0.09 per share. The most notable decline of the stock was on June 18 and 19, 2012, when the share price of NanoTech Entertainment dropped from $0.06 to $0.025 in two days.

On August 1, 2012, NanoTech Entertainment announced its first ever television show, Adam Curry’s Big App Show, which is now available and prominently featured on the Roku IPTV platform. This daily video features reviews of new and interesting apps for iPhone, iPad and Android devices narrated by Adam Curry, who became an overnight media sensation as a VJ on MTV in the late 1980s.

On Twitter, @pennystock24 noted that Pennystock Publishing promoted NanoTech Entertainment today. There are eight results listed on stockpromoters.com regarding the stock promotion of NanoTech Entertainment. Stock Twiter promoted NanoTech, and was compensated for the promotion on August 1, 2012.

Other notable headlines for NanoTech Entertainment include:

  • July 30, 2012: NanoTech Entertainment announced it had entered into a strategic partnership to expand into the Television, Internet Protocol Television, and Mobile Video markets.
  • July 9, 2012: NanoTech Entertainment announced that the OTC Markets had upgraded the company to “OTC Pink Current Information“.
  • June 28, 2012: NanoTech Entertainment announced it had subscribed to the OTC Markets’ OTCIQ service, allowing it to file all corporate filings directly.

Headquartered in Las Vegas, Nevada, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With three business units focusing on gaming, media/IPTV and mobile apps, the company has a unique business model.

The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games and licensing them to third parties for manufacturing and distribution. NanoTech Media develops proprietary technology that it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Communications develops and sells proprietary apps and technology in the mobile and consumer space.

Published by Fiona

Fiona is a finance graduate and an expert in analyzing market trends.

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