The limit of 200M shares was set by the previous managers of NNLX. I am grateful the shareholders' meeting scheduled for March 2007 was changed to an informational meeting. In the "notice" I received, the managers, before Mr. Barnhizer became CEO, proposed setting the amount of shares to 500M. At that meeting, however, Mr. Barnhizer armed with a lot of proxies, became CEO and Dr. Felder became CTO. Later, the former managers left. I doubt that significant PIPE funds are being raised due to the increase of revenue that sustains monthly expenses. So the PPS though relevant, is not essential to continued operations of the company.
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