It adds security to the company,.. they can use it when and if they need it.
I also think Leo has a plan with this.
Perhpas some big investors have made signals that they want alot of shares and this would be a way for them to get them without sky rocketing the price.
It's very different from aspire. This offering is loosely defined and the operative phrase here is from time to time with no specified amounts. $75 million at 3 would be enough shares to encentivise an early partner to buy two seats on the board and control up to 15% ownership.
Consider, a major licensee pays a total of 750 million, receives a board seat and includes a purchase of 15 million shares. Would this shelf easily and quickly take care of the ownership part of the agreement? Real question.
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