I spoke to IR today and asked them specifically about the authorized shares. The company increased the authorized shares only because they did not have enough to cover all of the warrants that are outstanding. That is the ONLY reason. The outstanding shares stands right now at roughly 434M shares. From OTCMARKETS.COM:
Market Value1 $21,166,219 a/o Feb 15, 2017
Authorized Shares 600,000,000 a/o Jan 31, 2017
Outstanding Shares 434,178,842 a/o Jan 31, 2017
-Restricted 305,561,055 a/o Jan 31, 2017
-Unrestricted 128,617,787 a/o Jan 31, 2017
Held at DTC 123,649,008 a/o Jan 31, 2017
Float 74,201,239 a/o Apr 07, 2016
Par Value
434 Million, Thats all. Not 600,000,000. Even if they do another 10 or 20 million to raise funds it will mean nothing if they merely deploy small number of units from the 5,000,000 ROVR WIFI unit order. I think the revenue they can generate, and even the guidance that they will give will far outweigh the outstanding shares. Wait for the company to raise some funds (which they are close to doing) and start production. Imo things will really take off. Then watch Gil the CEO and Finnis talk the stock up. Also remember that the CEO OWNS 40,000,000 shares.
