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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Baker who wrote (2568)9/23/1998 7:25:00 PM
From: Terry D.  Read Replies (1) | Respond to of 3702
 
Correct me if I'm wrong.....The shares are already authorized, not new shares. Company is requesting authority to issue 20% and this requires shareholder vote. Without this vote they could still issue the shares in smaller amounts not requiring voter approval. Basically a yes vote is cutting down paperwork, man hours and spent money.

Terry