Replies to post #223210 on NanoTech Entertainment Inc (NTEK)

[B402]

Despite the questionable legality of Ultracade's product and marketing, Global VR started a deal with Ultracade founder David Foley for Global to manufacture and distribute the Ultracade system in late 2005. Foley was to become Chief Technology Officer of Global as part of the buy-out. Global quickly realized their mistake, stopped the acquisition, and fired Foley (after they learned he was still selling the game packs).

http://dougberry.hubpages.com/hub/Ultracade-Founder-David-Foley-Found-Guilty-of-Fraud