I beg to differ. As usual, there is more to the story that was omitted. Again, from the 14C:
The Board believes the Authorized Share Increase is necessary and advisable in order to maintain the Company’s financing and capital raising ability, to comply with the terms and conditions of certain debt and equity instruments and to generally maintain our flexibility in today’s competitive and rapidly changing environment.
Accordingly, it is the Board’s opinion that the Authorized Share Increase would better position the Company to comply with its contractual obligations, to attract potential business candidates and provide the Stockholders a greater potential return.
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