"But if, hypothetically, I knew that authorizing more shares was allowing the company to turn down a moderately good deal to wait for a better one, I might not be so cooperative."

For management/BOD, looking forward to getting paid deffered compensation, and having options eventually "in the money" - as opposed to expired and worthless - means they are just as anxious to do the right thing for public shareholders as they are for themselves as insiders.

The simple fact is, and from looking at the issues surrounding this sector, there are just not a lot of deals to be had, and giving up control of a project, or risking loss of control for the sake of getting a deal done is not the way to do it, IMO. What do you think?