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ENGlobal Corp. Message Board

  • ben.grein ben.grein Dec 23, 2013 12:05 PM Flag

    Common Stock Increase

    Did I read that right, that ENG voted at it's annual meeting to almost double the shares of it's common stock reserved for issuance? If I understand this right it puts more common stock (and hence more control) in the insider's hands. Of course it's not like that wasn't alread the case in this company. In reality I'm not sure whether to view this as a good thing or a bad move. I don't have alot of trust in the managment group and am skeptical of anything that continues to line their pockets. Perhaps those of you who are more stock savy than myself can explain this better to me.

    Sentiment: Sell

 
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2.70-0.12(-4.26%)1:04 PMEDT

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