uber The lie is that the dilution machine is coming. The number of authorized shares has been a little more than 5% as far as I can see. Thus there is no possibility of significant dilution caused by the modest increase in authorized shares.
The lie is that you only tell the part of the story that looks bad.
Not only have all convertible preferred shares been removed, the preferred shares that are now authorized is down to 100 total shares and they cannot be converted to common.
The net net impact to common shares is a MASSIVE reduction.
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