GREY:QEXXF - Post by User
Comment by
elgaveenoon Jul 03, 2014 4:01pm
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Post# 22714301
RE:RE:RE:RE:Um... What?
RE:RE:RE:RE:Um... What?Corporate governance is regulated so that capital spending that is authorized by a board does not exceed the capacity of the corporation. If you have $100 in the kitty, you cannot authorize a $1000 expenditure. Boards can get sued. This authourization for a multi-year plan would then be a 3 year plan. If you had a 3 or 5 year plan, you could use it internally, but you would never be allowed to press release it. It is very poor IR work.
Wathc the pea and thimble. They will miss Q2. The will need to raise $ to put the plan in place. You will get diluted.