NanoTech Entertainment Inc (NTEK)

[Zorax]

What's really sad is people believe they own part of a scam company like nanosux when they own shares in street name with a broker. Nothing is farther from the truth.

Nanosux has a list of shareholders of record, who are actually listed by name. All other commons are usually lumped together and listed as ONE name, depending how a company does it, usually as 'street' and shown as one entity of record. It's the TA's job to know that list, and he knows that 'n' number of street shareholders are with Scottrade, 'n' is with Etrade,,,etc, etc, the TA doesn't know WHO the common people are. Just totals, and then it's each broker that knows individual accounts. Common shareholder ownership of a scam company is a lie. And used by ceo's and promoters all the time to sell shares.

This street lump has no votes as per nanosux 'filings' and technically has no individual ownership of nanosux at all. It's all legal, although I may not have all the jargon correct. The top insiders on that record list most likely own super voting shares or perhaps JUST the principal himself, which has ALL the voting rights.
A super voting share, is shares given by the owner/ceo to himself to keep control of his company, no matter what capacity he is in at any time. Super voting shares usually have hundred or thousands times the voting right per common share. the super voting will ALWAYS be higher no matter how many BILLIONS are printed. Without fail.

The proxy is a meaningless document to common shareholders and is all about obfuscation of vital information. The proxy will most likely, if it comes at all, be a email and people will be able to click their 'vote' electronically. That is a facade to street held shares. A fake gesture to fool the common shareholder. Done all the time in scams.

How long the SEC and others take to bring nanosux to court is an unknown, other than the current lawsuit slowly winding it's way along, but it is virtually guaranteed to happen. Hopefully more paid promoters start getting litigated as well because usually they just stop promoting the scam and continue on one of their other ones that haven't been shut down yet as if nothing has happened and they had nothing to do with the losses. Paid Promoters have everything to do with chat board lies and getting people to spend money by being misinformed. Pity.