(Total Views: 461)
Posted On: 05/23/2018 6:29:51 PM
Post# of 96891
What would be the point of that?
Any significant corporate actions - actually any corporate actions at all - per the bylaws require zero votes from the common shareholders. NTEK can inact anything they want with a count of 75% of the preferred shares, and David Foley owns every single share.
NTEK can go anything they want and the common SH have absolutely no say whatsoever. Why would anyone buy up the float of a company they'd never control in any way?
Preferred have voting rights of 200:1 over common shares.
Check the filings.
Any significant corporate actions - actually any corporate actions at all - per the bylaws require zero votes from the common shareholders. NTEK can inact anything they want with a count of 75% of the preferred shares, and David Foley owns every single share.
NTEK can go anything they want and the common SH have absolutely no say whatsoever. Why would anyone buy up the float of a company they'd never control in any way?
Preferred have voting rights of 200:1 over common shares.
Check the filings.
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