Myth--I don't think the AS matters to prospective buyers of the stock because as you have pointed out repeatedly, Red Oak as the largest SH has no incentive to issue shares unless it benefits all SHs. Unlike prior management there is now good alignment of management and SH interests. Of course, they could always do a bad deal in good faith and suffer the dilution along with other SHs, but I don't think the authority to issue additional shares otherwise presents risk. Moreover, while Red Oak isn't exactly Fidelity, they do have assets and a reputation to protect, so they will be careful about any issuance of shares or use of funds that smacks of self dealing particularly with CCEL and class action lawyers keeping an eye on them.
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