RE:RE:RE:RE:RE:RE:RE:Increase of Options from 10% to 14% of outstanding SharesThe proposed option expansion would have ONCY issuing new shares that would be set aside for managment which in fact would increase the number of fully diluted shares that have been issued from the company treasury (also known as the 'float'). The undisclosed reason that this AGM item is being put forward is because the stock price has precipitiously fallen to a level that management's 'real value' of their share options holdings are significantly lower than before. And instead of working to increase the share price of the stock and preserve the 'real value' of their formerly issued share options, management and the Board of Directors have chosen the easy path to expand the overall number of share options available to 14% of the "float" so that management can then be granted cheap share options that would serve to 'average down' the cost of their total option holdings.
'Fully diluted shares are the total number of shares that will be outstanding, including convertible debt, warrants, restricted stock units and employee stock options. Simply put, it is the total number of shares that would result if all convertible securities had been exercised into common stock.'
https://buildd.co/funding/fully-diluted-shares