Part 2 on “thoughts on the recent 8k SEC report

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

Ronald A Phillips