Thursday, August 28, 2014 11:06:59 AM
Authorizing new shares means that they're getting their ducks in a row in case they need/want to actually issue new shares, yes? Now, scream bloody murder against dilution all you want - and people always will - but with a company poised to make a huge acquisition, build plants, and take all of this theory and research and feedstock and plans and put it into motion - to actually produce a product and, god willing, sell it - they're going to need money. Plain and simple. Dilution is a necessary evil in a startup company and if they do it, long term it's a good thing because they're actually progressing.
To me, especially with the shadiness of the CTO and being in the wild west marketplace we all know we're in, this is a vote of confidence that this isn't another BS pink sheet. It's a step towards real progress.
Despite how unsettling it's been holding way too many untradeable shares for WAY too long, I'd be adding off of this news today if I was able to.
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