"how they could raise the authorized without the approval of over 50%?
Uhhhh... two FACTS, Alan:
(1) under the NV statutes and Nanotech Entertainment Inc. by-laws, the AS can be raised by the BOD and does NOTT require a share vote.
(2) the MAJORITY of share votes resides AT ALL TIMES in the Series A Preferred SUPERVOTING shares that were created and issued to DaFoleys in December 2014.
For both reasons, there is NO need for a shareholder vote from the COMMON shares - no matter how many are issued because the SUPERVOTING SERIES A Preferred ALWAYS, by their issuance terms, will control the majority vote no matter how many TRILLION common get issued.
Butt for SHOW, they may send the commons a proxy for the RS, butt nott because they need to. An RS requires a shareholder approval, butt they can get that just from DaFoley's Series A Preferred alone - they don't need a single common share to vote for it.
Common shares essentially don't count because Preferred A ALWAYS has the majority control.
Oh, and as I stated, AS raises don't even require share voting.
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