RJ.......IMo, Shareholder meetings are vastly overrated. In those scenarios, the company already has its agenda in place beforehand, and simply puts its best marketing effort foreward to convince the shareholders to approve it.
If you want to effect things in regards to shares issuance, I believe what is more effective is to present intelligent, well thought-out and cogent plans to management BEFOREHAND, when they are in the planning stages......or come up with smaller ideas that might tweak the plan they already have.
With regard to FASC, it is certainly looking like growing profitability is happening now. Yes, we can now say growing profitability, as FASC is building on its first profitable quarter just ended 9/30/11.
Brian has been building toward this alone, and has done an outstanding job since we unfortunately lost Cal this past February. He now needs personnel support going forward. To this end, he will need a share increase to accomodate the share options needed to attract the kind of good people that FASC will need for the future.
To your point, my preference would be for a 100 million share increase to the authorized count. You have noted that Brian is interested in increasing 200 million; I am not opposed to that, but I would simply prefer the more modest number of 100 million for now.
In any event....the truly important matter is that 2011 was the start of profitability; 2012 is looking like the big growth spurt for revenues and profitability.
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