GREY:BLEVF - Post by User
Post by
Pogo3on Nov 15, 2019 8:13am
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Post# 30355324
Objectives of the Amended Plan
Objectives of the Amended PlanThere were a number of people recently concerned and wondering about where all the shares were coming from which helped keep this stock down, well I think there may be an explanation second paragraph page 15. "Upon Motion It Was Resolved...................the directors may from time to time authorize the issuance of options to directors, officers, employees and consultants...............to a maximum of 101.277,759 common shares of the company, be and hereby authorized, confirmed and approved. That would increase the outstanding shares (before consolidation by 20 plus percent) to 607 million shares and potentially dump another 100 million shares on the market for the general shareholder to deal with. Not a happy camper. If they want this type of lavish reward I beleive they first should accomplish substantial improvements to the share price and convince the shareholder that the path forward will be sucessful. It amazes me how the board of directors can give themselves such great rewards without any proof of substantial progress. Prepare for at least a 7 to 1 reverse split. It would be alot better if they waited and show profits where we could do a buy back of our shares on the open market and send a message to the market that the company and the shareholders beliive in BELEAVE!! THAT MAY BE TOO CONVINCING!!!!! FWIW