cheynew,
I haven't been keeping track of the authorized shares left for sale. I've been reading CJ's intro info on this but can't find it quickly; I may be skimming too fast.
Anyway, I thought they had a significant amount left and if they asked for more I was going to be depressed (again). Therefore, I see the non-asking for an increase in the authorized shares to issue as a positive.
I expect the only subjects for a special shareholders meeting (if it ever happens) are to approve the new BOD personnel from the BP for the partnership agreement or to accept the buyout deal. The current BOD has all the power in the world it seems to do everything else that they want to and they are telling us they have all the clout they need until next shareholders meeting. I have a picture in my mind of a big middle finger being flaunted by the PPHM building towards a certain group of people.
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