Stop kidding yourself everyone. I love this stock......but the reality is that there is no limit on that 20 billiion shares.
The only limit stated in the plan is the incentive to increase employees and such over time with stock options at a max of 500 million per year. But the reason the 20 billion is ask for is to continue paying off debt. For those that have been here.....have seen the dilution is at a rapid rate.
I want this stock to fly....but watch that share count closely. Southridge will pump this thing to sell their shares.
I love the drink....drink it daily and my wife too......but there will be victims financially here....
Read the below closely......
The purpose of the Plan is to secure and retain the services of employees, officers, directors and consultants of the Company and its affiliates and to provide a means by which such eligible individuals may be given an opportunity to benefit from increases in the value of the Company’s common stock through the granting of stock awards, thereby aligning the long-term compensation and interests of those individuals with the Company’s stockholders.
The Plan provides for the granting of incentive stock options, non-statutory stock options, restricted stock awards, stock appreciation rights, and other forms of equity compensation. The Plan also provides for the granting of performance stock awards so that the Board (or a committee to which authority has been delegated) may use performance criteria in establishing specific targets to be attained as a condition to the grant or vesting of one or more awards under the Plan.
The Plan provides for the grant of stock awards to employees, directors and consultants of the Company and its affiliates covering an aggregate of 500,000,000 shares of the its common stock, subject to adjustments in the event of certain changes to the Company’s capitalization. The number of shares of common stock available for issuance under the Plan shall automatically increase on February 1st of each year for a period of 9 years commencing on January 1, 2014 in an amount equal to the lesser of 5% of the total number of shares of common stock outstanding on December 31st of the preceding calendar year, or 15,000,000 shares.
