I feel that there would have to be an increase in A/S if the intent were to raise $26M, and the offering and/or other means of financing weren't bearing fruit
So he could enforce his will, raise the A/S to 160M and then sell 50M shares at $0.50 to achieve his targeted goal of raising the capital?
...which requires an addendum to the current S-1 prior to subsequent offerings.
Once approved, and if the A/S roof was raised, why would it require an addendum?
It states he wants to sell over the next 180 days. No price point per share is specifically mentioned.
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