explanation for WAVX needing to expand their number of authorized shares?
I believe they recognize that a significant drop in share price is a distinct possibility in the not-very-distant future. If that happens they all of a sudden butt up against the ceiling of authorized shares the next time they need to go to the well.
And, dig? I suspect they actually expect even the docile and obedient cultists to start unloading when it becomes evident that no one is buying this pig-in-a-poke. Which will be within the next two quarters, I believe.
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