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Re: SoxFan post# 5075

Friday, 10/18/2013 4:50:54 PM

Friday, October 18, 2013 4:50:54 PM

Post# of 57775
Yes and no. As usual, the truth is somewhere in between opposing views. Currently, STWA is authorized to issue up to 200m shares of stock. They have currently issued about 165m of those. If they wanted, without shareholder authorization, could issue all 200m. However, the question on the proxy vote is whether the company should be authorized to issue shares numbered 200,000,001-300,000,000. They MUST get approval for this.

With this distinction in mind, it is clear that the "dilution coming!" cries are a bit off the mark, since the company currently has the ability to issue an additional 35 million already authorized shares. They are preparing options to provide contingencies for future possibilities. That's all.