(Total Views: 526)
Posted On: 03/13/2019 7:19:02 PM
Post# of 15624
I couldn't open your link to the S-8 issued today. Here it is in case others have had the same issue.
https://www.marketwatch.com/investing/Stock/o...p;type=311
I have only taken a quick look at it but it seems to me that it serves a few purposes:
1) Gives the company control of 36 million more shares that they can vote on.
2) I am assuming that it replaces the previous employee share plan of approximately 27 million shares consisting of options and warrants. I hope this is the case but I don't think so!!!
3) Replaces #2 above or it creates another ESP consisting of 36 million shares at a price of $.039. Not specifically assigned to any of the existing individuals. A committee will be established to administer the plan as they see fit. Subject like the rest of us to the possibility of a R/S at whatever ratio the company BOD implements.
4) Bignitz will automatically be given power of attorney to vote on them.
As I said I may have missed something but I'm not going to ruin my eyes trying to through it all.
Please let us know if you see anything else of consequence that I may have missed. Thanks!!!
https://www.marketwatch.com/investing/Stock/o...p;type=311
I have only taken a quick look at it but it seems to me that it serves a few purposes:
1) Gives the company control of 36 million more shares that they can vote on.
2) I am assuming that it replaces the previous employee share plan of approximately 27 million shares consisting of options and warrants. I hope this is the case but I don't think so!!!
3) Replaces #2 above or it creates another ESP consisting of 36 million shares at a price of $.039. Not specifically assigned to any of the existing individuals. A committee will be established to administer the plan as they see fit. Subject like the rest of us to the possibility of a R/S at whatever ratio the company BOD implements.
4) Bignitz will automatically be given power of attorney to vote on them.
As I said I may have missed something but I'm not going to ruin my eyes trying to through it all.
Please let us know if you see anything else of consequence that I may have missed. Thanks!!!
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