SUM! You typed:
"where our BOD plans on heading with this company. As mentioned by another poster, the dilution could add to the protection from hostile takeover. If the board controls the votes they can ensure that the company will reach the goals they have set out for it"
They have not even made a commitment on where they are coming from let alone where they think they can take OUR COMPANY!
And First Things First - WHAT GOALS HAVE THEY COMMITTED TO PAPER?
We need to know their intended PLAN(s) before they can start heading off ANYWHERE!
Have they even met as a Board yet?
Lsts have them back up here and do this properly. Surely at least a couple of them know proper Corporate edicate!
Best they do things RIGHT the first ATTEMPT and not face YEARS tied up in Court!
Old Joe