Steeler,
I think that statement in the proxy is the answer everyone has been looking for. It's just that no one will accept it on face value.
I believe NEOM doesn't want to go thru all the trouble to get more shares every time they need them, so they just decided to go for a large amount one time, and take the heat once.
They state flatly what they want the shares for; future acquisitions, options and warrants, current convertible stock needs, and possible future dividends, and or splits.
There it is folks. Simple as it can get.
I doubt if we will get a whole more than that at the SHM.
DannyJoe