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Posted On: 10/17/2021 9:01:26 PM
Post# of 72447
Re: rockyracoon #70601
Part 2 on “thoughts on the recent 8k SEC report:
1. what follows are essential Amendments to the 2016 Equity Incentive Plan —
(Q: why are they essential? A: that will become obvious)
1.1 An increase the number of shares of common stock available for issuance thereunder to 225 million shares,
(Comment: this is an INCREASE (Q:How many are already designated as “Available for Issuance” A: I don’t know , but evidently it wasn’t enough. It would appear LE already knows how many will be needed)
(Q: what is a “Available for Issuance”? A: Shares Available for Issuance has the meaning set forth in the Supplemental Indenture; provided that the Share Ratio for the Qualifying Capital Securities shall not be lower than it is for the JSNs. IT IS A CONTROLLED STOCK - I would do it to trade in a partnership deal — though I’m not 100% sure of this. )
Comment IMO these shares are being defined by and for a specific dea.
among other amendments. The foregoing description of the amendments does not purport to be complete and is ……… etc etc
2. TAKING CARE OF PEOPLE: Stock Option Awards —
2.1. one million shares of common stock to each independent director
2.2 500,000 shares of common stock to each of the
2.2.1 non-independent director and the
2.2.2 Company's Senior Vice President,
2.2.3 Clinical Sciences and Portfolio Management.
Comment: I am thankful LE cares about hie people. It also illustrates a that the entire groups is being prepared for the events to come.
I wish I had 500000 shares. I could build 10 churches in the jungles with. That … wouldn’t that be fun. RP
1. what follows are essential Amendments to the 2016 Equity Incentive Plan —
(Q: why are they essential? A: that will become obvious)
1.1 An increase the number of shares of common stock available for issuance thereunder to 225 million shares,
(Comment: this is an INCREASE (Q:How many are already designated as “Available for Issuance” A: I don’t know , but evidently it wasn’t enough. It would appear LE already knows how many will be needed)
(Q: what is a “Available for Issuance”? A: Shares Available for Issuance has the meaning set forth in the Supplemental Indenture; provided that the Share Ratio for the Qualifying Capital Securities shall not be lower than it is for the JSNs. IT IS A CONTROLLED STOCK - I would do it to trade in a partnership deal — though I’m not 100% sure of this. )
Comment IMO these shares are being defined by and for a specific dea.
among other amendments. The foregoing description of the amendments does not purport to be complete and is ……… etc etc
2. TAKING CARE OF PEOPLE: Stock Option Awards —
2.1. one million shares of common stock to each independent director
2.2 500,000 shares of common stock to each of the
2.2.1 non-independent director and the
2.2.2 Company's Senior Vice President,
2.2.3 Clinical Sciences and Portfolio Management.
Comment: I am thankful LE cares about hie people. It also illustrates a that the entire groups is being prepared for the events to come.
I wish I had 500000 shares. I could build 10 churches in the jungles with. That … wouldn’t that be fun. RP
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Ronald A Phillips
