Re: Frank/Settlement vs Royalties doni Coyote..Frank..poiso... pill
in response to
by
posted on
Sep 09, 2008 04:33PM
They do not control more than 50%.
Approx 277 mil shares outstanding
Polis has about 25 mil
Officers and Directors have about 10 mil
Options and other, a little vague here, about 10--20 mil
Total known about 50 mil or less than 20% of the total, the rest are in the hands of individuals and brokers.
I would think that they may have a poison pill to expand the stock by a 2 or 3 factor making it more difficult for any entity to purchase controlling interest. Of course other avenues are available.
Am I missing something based on your comments about proxies?