That's a very good point. Could be a function of how much time elapsed too. More time, much more weight given to your point of view which is very valid I think. Often gray areas in law. I just don't know. Yours does sound more logical *the more time marches forward.*
Still, with 60% of the vote, he has overwhelming sway on that vote. All interesting. I just don't know. I'm not seeing any benefit to insiders on that move though. They did just award themselves options at $4 which I hope are restricted. A buddy-system type award to my eyes. Sleazy no matter how you slice it around here.
They may benefit very handsomely with NILE in charge here. Especially with a strong short presence under all of our unifying thumbs. Including the illegal phantom ones in that number.
Plus, I think Stingray is a holder of many of those warrants aren't they? They'd have to vote for that proposed dilution. They may like the idea of exercising their warrants better if the stock rockets on a miniscule float which now exists. The physics definitely allow it to my knowledge, so maybe that is even more crystal clear to them if my understanding is correct. In fact, they may like the idea of a capital raise at $40 if it's in the cards in such a hypothetical price explosion that proves sustainable. We shall see.
Very interesting adventure lies ahead for sure! How does it end? :) I'm placing my bets on a short slaughter. Maybe we can call it the RED WEDDING. Maybe not the final chapter, but I bet it's definitely part of the story that unfolds here. He he he... {{Ramming right fist into left palm}} :)
