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Micro-Caps on the Move; NanoTech Entertainment Inc. (NTEK), Municipal Mortgage & Equity LLC (MMAB), MyEcheck Inc. (MYEC)

Shares of NanoTech Entertainment Inc. (OTC: NTEK), a technology company focusing on entertainment industry worldwide, surged in trading on Friday. NTEK shares ended the day 53.75% higher at $0.123 on above average volume of 27.93 million. The stock has gained 66.22% in the last three trading sessions.

Earlier this week, NTEK announced that it expanded its relationship with content partner Hannover House. The company said that Hannover House will be releasing book titles from its library using NTEK’s new TV-Book technology.

Shares of Municipal Mortgage & Equity LLC (OTC: MMAB), a company engaged in the management of debt and equity investments collateralized by affordable housing, rallied in trading on Friday. MMAB shares ended the day 24.03% higher at $1.60 on above average volume of 1 million. The stock hit a 52-week high of $1.64 on Friday.

MMAB earlier this week announced that it completed a transaction which had the effect of selling its fixed rate performing multifamily bond portfolio. The transaction relieved the company of the associated debt and preferred equity obligations.

Shares of MyEcheck Inc. (OTC: MYEC), a company operating in the payment processing industry, soared in trading on Friday. MYEC shares ended the day 57.69% higher at $0.0082 on above average volume of 63.40 million. The stock hit an intra-day high $0.01. MYEC shares have gained 82.22% in the last three trading sessions.

Back in April, MYEC had announced that it will license its proprietary system to other operators for a share of their transaction revenue on the system.


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