Jim, from Cima's post,,,,,,,,,,,
Second, authorization was granted to issue up to 100% of the outstanding common stock (8,451,136) valued at the maximum allowable discount by the ASE, or less as determined by directors, in connection with one or more private placements by the company. This appears to position the company to pursue an acquisition should it be deemed to be in the best interests of the company and it's shareholders.
Maybe a take over, merger or maybe they will be taken over??????????
Who knows? Interesting one. |
