NanoLogix Inc (NNLX)

[capitalismforever]

I didn't threaten you. Your recommendations that I should do A or B in a smug way is hostile. Chill out.

We don't differ on how a poison pill can "play" out. We differ on our understanding of what a poison pill is. Type in poison pill on Google. Isn't a finance site you'll run across that endorses them.

The poison pill in place resulted in all authorised shares being issued to shareholders.

No it doesn't. The poison pill allocates preferred shares with voting rights that supercede the voting rights of the commons. The issue of a different share class has no bearing on the amount available for issue of the commons. Have you even read the contract?

What you don't seem to understand is that the amount of shares has nothing to do with someone having the ability to take control of the business. The voting rights that are represented by the shares do. If a company has 100 shares outstanding and assigns 1 voting right for each share, the total voting rights is 100. If in doing so, the same company assigns itself 1 preferred share with 101 voting rights, that one preferred share holds more ownership value than the 100 commons combined. That is the definition of a poison pill. Read the contract.