InvestorsHub Logo
icon url

brewskih

04/06/06 7:35 AM

#66450 RE: Cabernet #66447

The language Duncan pointed too is standard language whenever any company asks shareholders to approve more shares. It dont mean anything.

The bottom line is, regardless of the language, they plan to use 4 billion new shares in one capacity or another down the road. I would think an increase of 1 billion would be more then ample to carry them to the next annual meeting, 12 months out, so why the 4 billion is a mystery. If they issue more then 1 billion in the next year we are all in trouble.
icon url

Drmyke3

04/06/06 8:56 AM

#66477 RE: Cabernet #66447

management doesn't have to worry about new shares. They can give themselves new options to buy cheap shares and make a profit. We shareholders are in a different boat.