Replies to post #5124 on China Teletech Holding Inc (CNCT)

[zerohedge]

look - it's simple -

1. buy control through a legal takeout.
2. issue yourself preferred stock so you're a supervising majority.
3. reverse the common shares by 1:2000 or some such number.

new share price is $5 bucks and it doesn't trade at all - maybe 500k shares left in the float and 5 shareholders left.

4. issue preferred shares to your own wholly controlledd entity.

5. convert those shares to common shares.

#gameover