My favorite part, simply because it reinforces some of the facts I pointed out earlier:
“This share issuance, at this time, was equal parts long overdue reward for past performance as well as long term incentive for future performance.”
“These shares were approved when the Company traded just above $0.01 per share. The shares were issued with vesting periods of 1 year and cannot be sold during that time pursuant to their restrictive legends. We had no anticipation of what the future trading pattern would be.”
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