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Posted On: 07/10/2020 8:16:54 AM
Post# of 148899
10Blade said
I posted almost the exact question on the private board. I also feel like it is a lot of money to be asking for without any specific purpose. The answers I received were basically all companies do this and trust NP and this is better than the company failing. However the 100,000,000 shares seems so excessive. If you are voting yes for 100,000,000 would you also vote yes for 500,000,000? At some level the amount of dilution (which obviously decreases my ownership percentage of the company) needs to be defended and I have not seen NP or the board do that yet.
Thoughts?
Quote:
July 22nd is approaching. I remain undecided as to how I will vote regarding the requested 100million shares.
I posted almost the exact question on the private board. I also feel like it is a lot of money to be asking for without any specific purpose. The answers I received were basically all companies do this and trust NP and this is better than the company failing. However the 100,000,000 shares seems so excessive. If you are voting yes for 100,000,000 would you also vote yes for 500,000,000? At some level the amount of dilution (which obviously decreases my ownership percentage of the company) needs to be defended and I have not seen NP or the board do that yet.
Thoughts?
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