Hey Arnold, Scoob and Beau are starting to get me worried. A few posts back they presented the contention that without the authorization to double the shares, we might witness the demise of CYGX.
THEY JUST HAVE TO BE WRONG.
If they are right, then we are in very serious trouble, because I still can't get anyone to explain why a doubling of the authorized shares is preferrable to simply doing a 2 for 1, or even a 3 for 1 split ... and doing it before any available options are exercised. Some of us seem to forget that we're also being asked to authorize an amount of shares equal to a third of the currently authorized amount in addition to the amount being doubled. So in the end, we are actually being asked to: 1) ratify the unilateral decision the board made when they previously increased the authorized number of shares, 2) to double that authorization, and 3)throw in yet an additional 50,000,000 shares for use as bonuses and incentives ..... hmmmmmmm. Help me with the math, but after the 50MM shares are authorized for those incentives, how will those 50MM shares compare to the current value of the shares currently issued.
I am actually having a chuckle at their question as to why those of us who question any of the boards desires don't present a strategic financial plan of our own. Aren't Scoob and his puppetmaster the ones who have been telling us that if we don't like what CYGX is doing, then we should just sell our stock and butt out.
AI
