I'm baffled
It's troubling that they increased the authorized capital stock to 450 million shares when the former amount of 350 million shares was more than adequate. That move probably scared many potential shareholders away.
To increase the authorized employee options to 32.5 million from the previously authorized 27 million put further doubts on their intentions. I have no complaint against employees earning a buck, but feel sure the former 27 million options were adequate as those expiring would eventually be reissued at prices conforming to market conditions.
I can't figure their intentions, as they have the right graphite and other properties in Madagascar, that together with the recent solid PEA would provide a stock price to develop them, but not at the present share price the recent vote created.
Could it be that this situation was created to stop the May 5, Warrants from being executed????