Thoughts on the 14c statement.
The increase in our authorized shares provides the Company with:
(a) "flexibility for future corporate action;" - The problem is that no one wants to buyout the company, or do a merger.
(b) "To further the Company's best interest in order to raise additional capital and to be used for corporate opportunities;" - This Epoxy app has jumped the shark, nad not being downloaded.
(c) "The need to issue shares of Common Stock in connection with strategic corporate transactions, acquisitions, and other business arrangements and corporate purposes, is desirable to avoid repeated separate amendments to our Articles of Incorporation and the delay and expense incurred in amending the Articles of Incorporation." - So if a big buyout, or merger happens, Dave will save a few dollars with this pre-expense on filing with the SEC. Not sure with this questionable statement: "So no time will be lost filing sec forms." Possibly, a UFO story on missing time will help with selling Epoxy, to get the cash faster in the management's pockets.
"Currently, there is no plan to issue any Common Stock for the corporate purposes described above." - Why, because the bid would go to no bid, so Dave is waiting, just like the investors for something to happen, and issue out 2.9 billion shares on the first price spike from sucker investors. (4.5b divided by the current outsanding 1.6b = 2.9 billion.)
In the event any Common Stock is issued in the future,
"Shareholders may suffer dilution to their ownership of the Company at the time of the issuance." - Dave has set an investor trap where the investors will get left holding the bag.
