These GUESSES are all wrong. Don't you think if management delayed options once they'll do it again if required with all the upcoming potential?
There are NO HIDDEN CONVERTIBLE CONTRACTS so that false claim will not fly.
If the company raised the authorized IF needed I believe that would have zero impact based on the progress of the company.
This management team has run this on a grass roots effort and shoestring budget, why would they all of a sudden after 8 years change their style?? THEY WOULDN'T!
The cleansing and prepping of this company for an eventual Nasdaq up listing is coming so your right about the NASDAQ UPLIST LV!!
What my you fail to or seen to fail to acknowledge is the "shareholder authorized" part of the 10Q paragraph for which you quote. Count up managements current shares. They are not a majority owner. With all their shares combined, I believe they only had about 35-40% or less my last count.