NanoTech Entertainment Inc (NTEK)

[2bornot2b]

While that scenario sounds plausible...I wonder how they would look at their current investment or any future investment of the common shares with NTEK having newly created 5,000,000 Preferred shares.
A change to the Bylaws could wipe clean common shareholders interests in favor of exclusively Preferred shares interests, which a suitor might require happening for a buyout or takeover deal to take place.
If you want to think of something that would scare people into selling like what we've been seeing done lately and worse, that might do it.
I don't recall seeing any mention of the need, reason, or plan for the creation and use of the 5,000,000 Preferred shares. Maybe I missed it...was there anything publicized? tia All IMHO!