I realize that Toomey put off the need till June 2016. It's a well written 10K that puts this sweet information for the eye of the reader. But if you read deeper......
Here is some of the info that tells me they openly state they will most likely issue more shares. I do not think this is a bad thing because they will do it to strengthen the revenue flow, as it should be. This is why I'm holding, buying more, and checking out the MM action on this. I think this will be a great trade for all of us in early, and with an eye to timing.
10-K Page 7 (bold is mine for emphasis)
Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock.
10-K Page 7 as part of the tabs:
Capital requirements and anticipated availability of required funds, to be provided by the Company or from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources
10-K Page 9
It is likely that the Company will acquire its participation in a business opportunity through the issuance of common stock or other securities of the Company.
10-K Page 9
prior stockholders may retain substantially less than 20% of the total issued and outstanding shares of the surviving entity. This could result in substantial additional dilution to the equity of those who were stockholders of the Company prior to such reorganization.
There is more.......But, they all do it, this company just tells you upfront.
I like that.
Good luck.
The Badger lays in wait and will attack quickly. That's how it's done!!
prag·mat·ic Dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations. Synonyms: practical, matter-of-fact, sensible,commonsensical, businesslike, no-nonsense;
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