NanoTech Entertainment Inc (NTEK)

[kbrod1]

The ‘longs’ have no real voting power as the Foley family owns the vast majority of stock. (Which they gave themselves for free, recall Foley’s wife was given 30 millions shares years back and she doesn’t even work for the company or at all for that matter.) What more, didn’t they give themselves preferred stock with super-voting rights years back? So even if 90+% of the shareholders voted nay they would still be able to outvote them and put anyone on as director or top management.