Be very skeptical of any advice from an unlicensed

Be very skeptical of any advice from an unlicensed physician/biotech-stock-analyst-wannabe with no credentials in that area. Here are the latest words of wisdom from "he who shall not be named but who is banned from posting here." LOL

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In reality, ALL of the common stock holders have no say in the float, avail shares, or anything else. Preferred shares only go to the chosen few. This speculation is interesting. Know what you own.

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Some basic calculations from the preliminary proxy statement clearly indicate this is not the case. Common shareholders do have an impact in approving the proposed increase authorized shares. From page 3 of the filing:

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What constitutes a quorum?

The presence at the meeting, in person or by proxy, of the majority of the total possible votes held by the holders of the common stock and Series C Convertible Preferred Stock issued and outstanding on the record date will constitute a quorum permitting the meeting to conduct its business. As of the record date, there are 753,980,394 shares of our common stock and 750,000 shares of Series C Convertible Preferred Stock issued and outstanding. Each share of Series C Convertible Preferred Stock entitles its holder to 300 votes and one share of common stock entitles its holder to one vote. Thus, we anticipate that the presence of the holders of common stock and Series C Convertible Preferred Stock representing at least 489,490,198 total votes will be required to establish a quorum.

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Here's the basic math part which the analyst-wannabe failed to consider, using insider ownership on the record date as reported on page 10 of the filing:

    489,490,198 votes required to authorize increase in AS
–  225,000,000 votes due to Series C Convertible Preferred Stock
–    44,626,270 votes due to common shares held by all Officers and Directors
   219,863,928  votes still needed by common shareholders

Clearly, the common shareholders DO have a say in authorizing the AS increase, just the opposite of what the analyst-wannabe has stated.

Know what you own ... apparently some don't have a grasp on this concept. LOL



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