25,000,000 shares at 30 centsThat gives them their max of $7.5 mil...conveniently it is also the maximum they can increase the float without a shareholder vote.
This one is right down the elevator chute of GW and retail shareholders.
When GW warned against further entrenchment this is what they meant...In Spades.
This might be the biggest FU to shareholders to date, and that is saying something!