Well there aren't enough shares in the present outstanding share count for him to receive his milestone payments. So the AS needs to be increased in order for him to get paid. Keep in mind how Mullen was able to service/reduce it's debt. They've been diluting as well as have been granted a 2 year extension etc.
Bottom line is...
Vote NO = convertible debenture offering, PIPE and/or Reverse Split
Vote YES = 1.75 BILLION new shares become available for the company to use at it's own discretion to raise over $1 Billion dollars
Either vote will have a similar end result. No more "retail owns the float" bs.
Btw, haven't we all seen how powerful it is for retail to own over 90% of the float? If that's the case then why has the chart been going from the upper left to the lower right?
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