Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

Industrials

EnWave Corporation is an applied dehydration technology company. The Company’s principal business is the licensing of its intellectual property through royalty-bearing agreements and the design, construction, marketing, and sales of vacuum-microwave dehydration machinery for the food, cannabis and biomaterial industries. It has entered into 54 royalty-bearing commercial licenses with and sold REV equipment to a diverse portfolio of companies operating in over 23 different countries on five continents. It also operates REVworx, a toll processing facility located in Delta, British Columbia that offers vacuum-microwave contract manufacturing services. The REVworx facility houses both a batch 10 kilowatt (kW) and 60 kW continuous vacuum-microwave line to accelerate the commercialization of products made with the Company’s patented technology. The Company has two primary commercial scale technologies, nutraREV, a drum-based system, and quantaREV, a tray-based system.

TSXV:ENW - Post by User

Enwave Corp

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Comment by sometoaston Mar 09, 2010 3:47pm

180 Views

Post# 16862363

RE: in response to toast and More Dilution Coming

As for back-dating, the AGM info says the following:

"Notwithstanding that the number of options available for grant will be increased, this will represent a smaller percentage of the number of options available for grant in relation to the number of Common Shares outstanding as at the date the Plan was last approved by shareholders (20% then, as compared to 15% now).

Management proposes that such amendment be made effective as of June 2, 2009 in contemplation of the ratification of the grant of options to be proposed to shareholders below. See "Particulars of Other Matters to be Acted Upon: Ratification of Grant of Stock Options". "

So, does that mean they are back-dating to that price?

Regardless, ENW should stop giving away our hard-earned shares. This dilution is beginning to get very significant.

Bullboard Posts

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