We can only guess but authorizing now gives them future flexibility and doesn't change things unless issued. I am looking at it as a long term strategy for growing the company as needed....
but then the question is, if they already have current authorization to issue up to 65M (an additional 23.5M shares), then why do they need to authorize another 30M? And why would you seek authorization of shares that you don't intend to issue? That would be pointless. So my common sense tells me they have some plan that includes the possibility to issue them.
THINK BIG!!!
I truly believe they will be issued to the next partner and the partner will be in for big bucks. The science works and BP are itching to strike deals especially with repatriated funds. Someone wants a big chunk of us now before others get any big ideas.
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