certainly the effect of fully issuing the 500mil (actually its a bit higher) would be equivalent to a 5 for 1 BUT, they do not intend to use all of the authorized. Over time as more shares are issued, our shares will become further deluted as they have been doing now for some time. A split is immediate delution. Increasing the authorized share count could end up to appear the same but would involve a far greater time period. When the funding is recieved and progress is known, our share price will increase and perhaps they may not even need to sell more 144's, who knows.
If we vote no, than forms of funding that will then be available will have a far higher cost. This option will IMHDO have a far greater delutive effect on our portfolio value.
No real good choice, pick your poison.
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