NanoTech Entertainment, Inc. (OTCMKTS:NTEK) made several attempts to bounce from its lows of April. After recording a strong session on last Friday, it declined in the initial days of the week. Even it posted loss of more than 5%on Wednesday’s trading session. It was only yesterday when the stock showed some signs of a pullback. In last trading session, the stock price of NTEK jumped more than 25% to close the trading session at $0.0215. The gains came at a share volume of 31.08 million compared to average share volume of 13.39 million.
The buzz
NanoTech confirmed adding more indie studio films to its UltraFlix streaming catalog. The press release was issued on Monday in anticipation to support Friday spike. With the latest addition, the streaming platform carries more documentaries and movies of superstars, the names of whom may be enough to sale offers.
The expectations
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) was betting big when it announced addition of box office smash hit movie “Interstellar” on its streaming platform. However, the news only resulted in a short-lived spike that pushed stock price over $0.02. Thereafter, the stock tumbled to make new 52-week lows. The company released a new PR on Tuesday, which again resulted in no gains. As per the announcement, NanoTech is purchasing UpLink.to and naming the company’s founder, Mark S. Morris as president of NanoTech’s mobile app subsidiary. The new unit includes some amazing apps such as VideoUpLink and PhotoUpLink.
The app
The new unit as acquired by NanoTech features amazing apps like PhotoUpLink. It is software that enables user to do several things at a time. The user can upload photos on social media or can opt for photo tweets and even attach up to ten images to a mail. In light of PR released, the fact that NTEK jumped over 25% on heavy volume seems a little easier to explain.
