Have been voted on for about 2 months. The shareholders meeting is the 8th for final votes. The most relevant issue is obviously the request to increase "available shares" to 337,500,000 from 225,000,000. Anyone not voting yes is ignorant. If they had not made the administration and business changes they have, the concern would be real. The increase does a couple things. 1) it eliminates any possibility of an institution or group of acquiring majority shares. 2) it gives them the "future" ability to conduct business and pay debt without delay or obstruction to business. The increase would/does not dilute shares or market cap. If/when they decide to sell some shares, that would change market cap but only dilute shareholders value if sold at a low price. A company doing business efficiently, foresees the future needs or potential needs/or issues and deals with them proactively. RAISE $ WHEN YOU DON'T NEED IT! They had over $70 million cash Q1 and will have more cash Q2. They don't need it but will need cash end of year and next year. They may also need cash for let's say a new project. IMO they don't sell any shares until they can sell them for more than $6 a share. Cash burn is now down to under $6.5 million a quarter. And 1 + quarter changes that dramatically (Q2). Loss from operations in Fiscal 2020 should be less than $15 million. Should be + cash flow moving forward by Q3 2021. That's from recurring revenue alone. That does not take into account any sales or business in S Korea, with XOM, Drax, Exelon, Toyota, etc. Few has continuously proven accurate and productive. Business updates given regularly. Projects are continuing construction. Military will have follow on orders. Groton will be COD no later than July. They will get the vote, but I know my votes were affirmative across the board prior to the initial meeting date.
