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Tuesday, April 04, 2006 6:37:27 AM
1. A projection of use due to Acquisitions (paid with stock)
2. A projection of Secondary and beyond Offerings
3. Or least likely an F/S
4. Stock options for compensation programs (very likely but also not requiring anywhere near that amount of shares.
How would any other sane person like to explain a logical need?
5. Merger were huge amounts of stock are required for a micro penny.
6. Poison Pill against hostile takeover. (nowwhere near an issue from where I sit currently)
*I think a future 1:50 R/S is the best thing for GMFX *if those shares do get offered.
1.It would be a requirement for an exchange $1 or more per share.
2.Make the EPS perhaps show on the radar screen when Positive earnings become a reality.
3.It allows huge compensation in the mean time to company folks
4.Makes the company attractive for take over
5. Many fundamental stock value measures are per share: book value, cash,EPS etc. so smaller # of shares means better #s
Things should work well regardless, but I think for us they would have been better pre authorization.
Just my SWAGs and thinking outloud. I have a bunch, but until the other day I never saw the authorized figure, just the OS and float.
BOLTY
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