I am in the vote yes camp as I see this as giving the company options to get on the NAS immediately. With Leon and Mark having to exercise all their options in next couple months or have them expire, we should expect some pressure on the SP from this. This move is basically telling the market and the manipulators that we will get to NAS one way or the other so no point in trying to stop us.
Someone mentioned previously that this was a way to purge the retailers and I can see this as being true if they issue a PP after the consolidation as most of us retailers would not be able to participate. Has anyone ever seen a case where a SRP contained a clause that allowed existing shareholders the right to particiapte in future PP's to maintain their % ownership regardless of accredited investor status? I would like to see something like this implemented for PTK.
