Bungler, I think your question was answered with reference to how the 8 million shares would just add to the volume of shares involved with a buyout. Conflict of interest? Not if the exchange of options for shares was part of a package bottom line that share holders agree is acceptable. Would share holders receive more if management didn't receive any more option incentive shares? Maybe. Maybe not. Since all this was in play during the same timing as negotiations and value setting, it would be hard to extract out. Especially if there were proxy votes in approving the additional shares in advance of the ASM.
Depending on a buyout price package, I don't really care all that much if PPHM employees garner more incentive shares that amount to 7% of outstanding shares at the last moment. Do you? A low ball offer being accepted that gives over the 7% incentive shares would be another matter, however. What is a low ball offer ? LOL!
Best wishes and IMO.
KT
News 
Market Data 
Discover 
AI
