I have no idea, but the same shorts were saying they had already sold 1.5 billion shares and were over their allocation for years… then Tim hey adjusted maybe 1.2 billion sold. Whatever the case, the latest number I have seen as issues is 1.05 billion not including the outstanding obligations to warrant holders, preferred c, etc.
Yes, if the price goes up, since this is only an authorization, they won’t have to issue as many shares.
I think their authorization request at this life cycle stage of a company with this complex of a product, is very reasonable and wise. I think sophisticated new money will understand the potential and the reasonableness of that request. That they did not go for a reverse split, which some who claimed to want that had promoted here for some time, was also a positive. I would have supported it but many shareholders are challenged by those. It was not asked for, and that says to me that they may have other plans to lift the price up. You may think otherwise but I tend to think LP and team are more wise about these things and have more information than most bulletin board posters.
It also may not help to reveal all secrets. The successful journal article was very positive. I think it is more likely they will have deals than not, and that it will be competitive. Any BP that snoozes, at this time, may very well lose. I think others know this too. This is a critical time for certain parties to be in the mix and working out how they can be the most critical party to help get this successfully to market. Talking it down, before such news hits may be imperative for some who watch this stock.
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