Smasse, again I totally respect where you are coming from. I can argue my position but I won't argue that I'm right but that you, or Mortmann, or FBG, etc, etc are wrong.
I have no love lost for this BOD, or even Lombardo, as I'm still not exactly sure what to make of him. But I think the biggest difference between us is that you see risk only in authorizing shares. I see the risk on both sides. I also know that giving the company more shares gives them the ability to leverage a direct placement or secondary as a legit option to counter lowball offers they may be receiving from other companies right now.
Voting to authorize more shares does not mean I trust them to do the right thing. It just means I understand how negotiations like this work and how beneficial having options at the bargaining table can be. It's a potential Joker card in one's hand.
Will they squander those shares? It's possible. I'm still voting YES to the share authorization.
All the best to you.
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