viewed historically...
under old management:
08-11-12 AS started as 75M.
2010-03-29 AS raised to 150M.
then, a few months after pacchini became CEO:
2013-10-31 AS raised to 250M.**
followed by an AS increase so roche could gain control:
2016-03-23 AS raised to 385M.
and finally, an AS increase so roche could maintain majority, while doing mergers and acquisitions:
2017-03-01 AS raised to 660M.
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** this AS increase in 2013 was probably done to make room for convertible notes. while roche did buy some relatively expensive shares when he first joined the RVUE board, as the years went on the price erosion from various notes allowed him to average down and own a major stake in the company.