"We do not have any provisions in our Articles, by laws, or employment or credit agreements to which we are party that have anti-takeover consequences. We do not currently have any plans to adopt anti-takeover provisions or enter into any arrangements or understandings that would have anti-takeover consequences. In certain circumstances, our management may issue additional shares to resist a third party takeover transaction, even if done at an above market premium and favoured by a majority of independent stockholders.

Stockholders should note that our company does not have any current plans, intentions, agreements or understandings to issue any of our common stock, that will result if Proposal No. 4 is approved."



since they issued shares to pay off debt and now have 282M shares they had to raise A/S some because when deal closes w Enigma, Mr Chalk will receive 300M shares (initially control shares)

the only way to ensure a co's direction is to control a majority of the stock so for them to issue enough stock to dilute Mr Chalks control shares to a minority position Mr Chalk would have to be very sure of the future direction of WOLV

4B shares at 1c (pps they've generally been targeting transactions at for 2 years) would be $40M!!! so dont know why raising A/S so much -though its typical to have a comfortable A/S cushion for flexibility purposes for acquisitions etc