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ALLIQUA, INC. Message Board

  • amadeus942000 amadeus942000 Aug 19, 2013 11:33 PM Flag

    Alliqua files to increase the numbet of authorized shares of common stock

    The Increase in the Number of Authorized Shares of our Common Stock

    We are seeking to increase the number of authorized shares of our common stock from 500,000,000 to 2,000,000,000 in order to allow for flexibility with respect to future transactions, including raising additional capital, acquisitions, stock splits and other general corporate purposes. Following the amendment, if approved, each additional share of our common stock authorized by the amendment to the articles of incorporation will have the same rights and privileges as each share of common stock currently authorized or outstanding. The holders of common stock have no preemptive rights. Authorized but unissued shares of our common stock may be issued at such times, for such purposes and for such consideration as our Board of Directors may determine to be appropriate without further authority from our shareholders, except as otherwise required by applicable law or stock exchange policies.

    The adoption of this proposed amendment to our articles of incorporation will result in a greater number of shares of common stock available for issuance. There are no current plans to issue additional shares of common stock (other than those shares of common stock issuable if current outstanding warrants or options issued under and outside of our 2001 Incentive Stock Purchase Plan and 2011 Long-Term Incentive Plan are exercised). If additional shares of common stock are issued in the future, shareholders would experience a proportionate reduction in their shareholders’ interest with respect to earnings per share, voting, liquidation value and book and market value per share if the additional authorized shares are issued other than through a proportional issuance such as a stock split or stock dividend.

    Another effect of such increase may be to enable our Board of Directors to render more difficult or to discourage any attempt to obtain control of us by means of a merger, tender offer, proxy contest, or otherwise, and thereby protect the continuity of present management. Our Board of Directors has no such plans at this time. However, the increase in the number of authorized shares of our common stock will allow our Board of Directors to have additional shares of common stock available to effect, unless prohibited by applicable law or other arrangements or restrictions, a sale of shares (either in public or private transactions), merger, consolidation or similar transaction in which the number of our outstanding shares would be increased and would thereby dilute the interest of a party attempting to obtain control of us.

    Sentiment: Strong Buy

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    • Assuming this is voted on and passed, how badly would this impact the stock price? Issuing 1,500,000,000 more shares par value .001 would destroy the stock price. Why would anyone keep their shares at current market price given this pending authorization?

      • 1 Reply to najafnugnug
      • You are reading more into this than you really need to. First they are not issuing any shares to anyone or any company, they are putting to vote for an increase on the A/S, big and small companies do it for a wide variety of reasons (mergers, acquisitions, preventing hostile take overs, etc). Look I know some times it is not easy to understand what the management of any company is doing, but in this case if the majority of share holders approved for the increase this means that: Dr. Frost, the insiders and harborview which together they own 32 % + of ALQA and at least another 19% of us it will be a done deal.
        Againg these are millioners trying to make much more millions and not your regular broke #$%$ let me list a phantom company with like it sounds to be a great idea to steal money from people.
        If Dr. Frost approves it must mean something, this billioner is not here to throw money away, lets take for example SFES, for years NO VALUE , no movement, no products but Dr. Frost invested because he knew the hidden value and guess what the hidden value is showing .SafeStitch Medical, Inc. (SFES), announced that it has entered into a definitive agreement to merge with TransEnterix, Inc and DR. Frost will be one of the directors.
        Now if Dr. Frost would think for a moment that there in no value on ALQA he would have dumped this stock along time ago.

        Sentiment: Strong Buy

    • Curious where did you read 500 million shares(500,000,000) to 2 trillion shares(2,000,000,000)? No where in the SEC filing, or plan? Just curious. that would make shares, like .00085 to .0000085?
      I have not received an ALQA Investors letters like that in all the stuff they send me in the mail or email.

      • 1 Reply to billdesouza
      • Ok I do not mean to be rude, but if you don't know how to read 2 billion you are in big trouble. And if you do not know how to find the filings of a company you are in even more trouble. Just to clarify I a m long in this stock. I hope you get your facts straight Because if you read my postings about ALQA you would see that I see a huge upside. I will give you a hint, go to Edgar filings.
        I do this for a living and hope you get better doing your own DD instead of following what people say. Good luck.

        Sentiment: Strong Buy

 
ALQA
5.49-0.10(-1.70%)Aug 21 3:52 PMEDT

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