Number one reason for 750MM A/S is so mgmt doesn't
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Number one reason for 750MM A/S is so mgmt doesn't have to keep coming back for more at a later date.
No, that's the number one reason not to vote for 750M. Coming back to the shareholders is a good thing for everyone including management.
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Having Bank creates options for strong moves that can advance QMC.
The strong move we need is a contract, and this appears to be at least 100M more "Bank" than needed to do that according to the shareholder letter and recent 8-K.
I support a large increase, but 750M is too much without a much more detailed explanation.