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Winsor1

07/22/17 8:11 PM

#9370 RE: boston745 #9369

I think you misunderstand Boston, I don't think options increased or decreased, it looks like with the 800,000 additional, they are pretty much the same as the level pre-1,000,000 requested before the R/S. I will copy and past from the respective 8K to illustrate:

May 21, 2015 Approved an amendment to the Company’s 2012 Equity Incentive Plan increasing the number of shares authorized for awards under the plan by 1,000,000 to a total of 4,568,181 shares

May 26, 2016, an amendment to the Company’s 2012 Equity Incentive Plan increasing the number of shares authorized for awards under the plan by 800,000 to a total of 1,142,425 shares


4,568,181 / 15 = 304,545 + new 800,000 = 1,104,545 + options taken by Ty when he left might equal 1,142,425. I haven't dug deep enough into that part, nor do I really care, the math is close enough for me.

I am hopeful of BO, and not concerned by this unless I see an S1, then I'll be pretty upset. I just want to add to intelligent DD done here, and not add any hype that other board peeps accuse.