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Re: AngryElf36 post# 271754

Thursday, 02/22/2018 3:39:47 PM

Thursday, February 22, 2018 3:39:47 PM

Post# of 286282
I"m no master of ceremonies either, but basically it's authorizing more shares to be sold which adds dilution. S8's are for "employees".
Here from the filing:
The general nature of the Plan is intended to allow designated directors, officers, employees, and certain non-employees, including consultants, of the registrant and its subsidiaries which it may have from time to time, to receive certain options to purchase the registrant’s common stock, one tenth of one cent ($0.001) par value, and to receive grants of common stock subject to certain restrictions. The purpose of the Plan is to promote the interests of the registrant and its stockholders by attracting and retaining employees capable of furthering the future success of the registrant and by aligning their economic interests more closely with those of the registrant’s stockholders.

I believe the thinking is that when the S8 is distributed the promo begins. Somebody out here could likely do a better job 'splainin' it. The overall share structure suks, IMO, but jack be nimble!