Hey Brick, I don't hold it against you that you it
Post# of 30028
If he burns through another 700m and we are sitting at 1.5b we are going to need more authorized shares. Is this something shareholders should feel comfortable about when he "actually" says the same thing over for the reason why he needs them? He did an awful lot of talking about not using them for dilution when the issue was raised before the ASM. Maybe you do not remember..I don't know? It was a hot topic about him using the additional 1b, and over and over he said he wasn't.
Yes, I understand you need shares for day to day and implementation of strategic moves. However, he spent an awful lot of time trying to reassure people he would not be using them.
Also, I'm not a big fan of using cash from diluted shares to continuous push back deadline dates of deals. It is just cash burned, unless he truly has non dilutive funding in the works (grant, rev, dx cash generation).