Whew! Just got to the computer and saw over 300 messages... figured something bad happened (what else?).
Call me naïve, but I don't subscribe to the sky is falling because the Company is looking to authorize millions of shares more. Do I like it? On the surface I don't think I do, but looking further down the road, I think his may be beneficial.
I've looked at the arguments, pro and con, that many posters here have espoused today and last night. Would I like the SP higher? Of course, who besides XXX XXXXXXXXX & XXXXXXX1 (insert your own thoughts there!) doesn't? I think this proposal leverages the company's position quite nicely.
If SUNRISE provides the results mot of us expect, then the SP will, hopefully, hockey stick in a good way. If not, the who gives a rats X$$ about the number of shares authorized? It is my opinion that the company is preparing to go this alone (or, at least giving the impression of going it alone to those of us who are not insiders). This proposal positions the company more strongly with regard to any of our potential suitors.