Replies to post #32290 on Cirque Energy Inc. (fka CRQE)

[cero9]

The AS increase was out of necessity. Those shares are accounted for (mostly). Every long knows, or should know, that this is all or nothing at this point - entirely contingent upon the DGU. If the DGU fails, for whatever reason, management will use the exit door they left wide open for themselves and continue their business in the private sector. Not much has changed. None of this is new information.

[onemessageonly]

No...no.... no....People thinking 900 million authorized is "huge", apparently are not invested in dividend paying larger cap companies. I was glad to see the increase but was worried that it was not going to be enough. the company apparently stalled and was close in September....oh so fn' close........but no. Here is truth:

At present, the Board of Directors has no plans to issue the additional shares of common stock authorized by the Subsequent Increase other than the following:


To be able to issue the 43,359,487 shares of common stock constituting the Acquisition Consideration and an additional 43,859,487 such shares in the event that the shares of common stock shall have traded for an average of $.50 per share for 10 days;

To be able to provide for the conversion of outstanding convertible debt instruments, which the Company presently expects may require the issuance of up to 300,000,000 shares of common stock;


To be able to reserve approximately 60,000,000 shares of common stock for issuance under an incentive plan that the Company expects to implement within the foreseeable future; and

To be able to provide for the issuance of shares of common stock for the future growth of the Company. As the Company disclosed in its Current Report on Form 8-K on March 10, 2015: “So as to accelerate Cirque’s entry into the waste-to-energy market, the Company is actively exploring acquisition opportunities – alone and with strategic financial partners – and is currently bidding on 150 megawatts (MW) of biomass power plant acquisitions.” Such acquisitions, even if completed with financial leverage, will likely require the Company to provide an equity component.