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Sunday, October 14, 2007 10:09:34 PM
"... To accomplish this funding, Extreme has increased its authorized shares of common stock to 100 billion.
The Company anticipates issuing up to 80 billion shares of common stock to complete the funding."
Is there anyone who can maybe help me understand the ABOVE?
I mean ... is the HUGE number of increased authorized shares an IMPLICATION that Carmac Associates (the entity willing to spring $3.6 million dollars for ETMO advancement) will be given billions and billions of shares to unload at an unbelievably high share price in the future for such a small expense?
OR ... does it imply that Alan is willing to authorize an unlimited number of shares to be authorized so that retail investors can buy millions and millions of shares very cheaply so that they can make a HUGE return on those shares?
Anyone ... please help if you can and are willing? I'm trying to come to some reasonable rationalization regarding the 100 Billion share authorization from a couple billion. I certainly don't want to miss out on an opportunity of a lifetime!
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