I am a significant position as well (in my own mind).
In the shortest of terms it looks bad - if NOTHING ELSE HAS CHANGED.
Revenue changes the entire world for us. Which these guys know is coming.
Additional available shares allows us to use those to fund future exploration (just like REITS issue shares to buy more rentable properities).
DON'T PANIC SELL... if you can avoid this you'll be rewarded.
I am sure Tony has a message to the owners of this company that will help to explain these moves and how they fit into the long term strategy for WGAS.
When is this vote due?? I haven't gotten a proxy card yet?