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Tuesday, May 28, 2013 9:20:13 AM
The company needs the additional authorized on a stated basis in the proxy to cover the shares and warrants if all are exercised by Hudson Bay and Iroquois. There is not enough left to cover options and shares for possible IP acquisitions.
The RS is a timing tool to act swiftly for possible uplisting and to take advantage of momentum from a favorable Markman.
To start another proxy for another RS vote and wait 2-3 months provides no ability for WDDD to move opportunistically and allow institutional funds to jump in thereby retarding SP appreciation.
Everyone excitedly talks about the rocket primed to take off and ready for the ride but wants to second guess and weigh down the rocket just when fuel has been requested by the astronaut that got us here.
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