Excellent post. I am voting NO for any more share authorization. First they should all take a pay cut and return all of the shares they've robbed. Then move to a strictly performance based compensation plan. Then we can talk about you using us for your bottomless money pit.
Well I agree that a buyout would be preferable to any dilution, IF an offering became absolutely necessary. But you cannot negotiate a buyout effectively if the other side knows it’s your only option. It’s more complicated than just saying “hey you, Lombardo, sell the company on Craigslist.”
absolutely agree, knowing their basis behind the acquisition of more shares is relevant. without knowledge, it's like cattle being led to the slaughter house. It's always good to be in the know!. If their is no questioning, then that's when trouble arises.