According to the last two financial statements I believe they would need another 30+ million shares. The 43% came from the last time manning bought. At the very bottom is a statement copied from the financial statement regarding the meeting. Maybe this is the reason the OS was raised?
Aggregate Number of
Shares Number of Shares: Sole
Power to Vote or Dispose Number of Shares: Shared Power to Vote or Dispose Approximate
Percentage*
47,505,725 44,505,725 47,505,725 43.31%
* Based on 109,700,158 shares of Common Stock outstanding as of February 18, 2011, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the year ended December 31, 2010.
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Based upon 159,138,158 shares of common stock issued and outstanding as of March 31, 2011.
This is just my opinion don't buy or sell a stock based on my opinion do your own research.
