Anweinbe: When any company is under attack by abusive naked short sellers there is an unlimited supply of shares available and those shorting the company are doing so with a goal of driving the company into bankruptcy so they then have a tax free 100% gain less fees, carrying costs and hired help working these boards. Over the years they have stolen trillions from honest investors and bankrupted thousands of companies as most startups utilize stock as their source of capital. By selling non existent shares they drive down the price forcing the company to issue many more shares than they intended to raise the necessary capital to run and grow the business. This is exactly what happened here and caused the 25.1 reverse split. Had this company trade fairly none of this likely would have happened. Don't get me wrong management still has to deliver a worthwhile product and generate revenue and earnings. Now think about the time and effort our company has had to spend to say nothing of the legal fees to fight those attacking the company and be assured we only know a small portion of what has gone on over the past several years.
Our company is fighting back and the shareholder meeting should be telling to both our investors and our attackers and yes I expect some in the audience will be our enemy. Our enemy is very concerned and well they should be because if the company delivers they stand to lose hundreds of millions IMO.
Please take the time to vote your shares getting the proxy along with proof of ownership to the company it is very important. Go NTEK!!!
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Nanotech Entertainment Inc. (NTEK) Stock Research Links
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