Friday, August 27, 2010 4:11:29 PM
"The second key move of the week was the company's increase of authorized shares. "I want to directly address any shareholder concern that this move is a negative one," announced Embry. "Based on the anticipated opportunity for growth that our management team projects over the next 2 years, we have to position the company to be able to take advantage of it."
Key areas that the company has identified the need for this activity include:
Expansion
Acquisitions (short term and long term)
New employee benefit plans"
Could this be a possible reason for all of the selling instead of the recent rumors? Just a thought.
GLTA..
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