My question to you is - Just what is the necessity to get it done pronto? With the share price nearing the very bottom of the toilet do you think RG is capable of achieving what you are hoping for with what he is asking for?
The current state of the market both here and globally presents buying opportunities that may be a long time coming round again.
I would like to know what the "tax implications" of Crossflo are before giving a definitive answer to the second part of your question, but if any loss is fully available then I see no reason why he can't achieve the goals.
IMHO if we do not get PTO validation of the key MMP patents we are toast, no matter what RG does. If we do get PTO validation, then he should have the cash to do what he needs to do
If the PTO revalidation or decision is a long time coming, the current opportunities will be lost, in my humble opinion. Just because the options and authorised are increased doesn't mean that they will be used frivilously or without legitimate justification.
In the worst case scenario and there is no validation, without the additional shares the probability of becoming toast grows exponentially as M&A would slow down considerably or cease completely.
Be well