Friday, November 03, 2017 5:37:29 PM
The highlights:
- They are planning to vote on Dec 29 to increase the AS to 1 billion shares
- Reason for AS increase - "As a general matter, the Board of Directors does not believe the currently available number of unissued shares of Common Stock is an adequate number of shares to assure that there will be sufficient shares available for issuance in connection with possible future acquisitions, equity and equity-based financings, possible future awards under employee benefit plans, stock dividends, stock splits, and other corporate purposes."
- They are not showing any OS numbers yet
- They have noted that the blanked OS figures are as of Nov 8, so I'm thinking we'll get a follow-up update then
- Insiders and 5% stakeholders own around 168 million shares of common stock
- Interesting note - "There are no specific financing transactions under consideration at this time." Maybe that means dilution is over?
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