Posted On: 02/04/2015 7:57:23 PM
Post# of 30034
Re: Anaconda83 #16307
Below is what GC actually said the additional shares were for:
Quote:
The Company must have adequate authorized shares available to raise additional capital to fund ongoing operations, if necessary;
The Company must have sufficient authorized shares available to complete mergers & acquisitions in the event attractive, synergistic opportunities presents themselves in a time-sensitive environment due to market conditions;
The Company must have sufficient shares available in its option pool to be able to recruit the best talent to lead its programs;
The Company must have sufficient shares available to defend itself from unwanted or ill-timed hostile takeover activity, as a negotiating tool to maximize shareholder value.
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