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Procera Networks, Inc. Message Board

  • ayeque70 ayeque70 Apr 25, 2013 11:31 AM Flag

    Special place in hell for lawyers

    Faruqi & Faruqi, LLP, really.

    They are asking the shareholders to vote on this ... shareholders can vote no if they don't want this "dilution." Also, I would rather pay incentives to executives than $$$, so executive goals are in line with shareholders goals; so I do not get this at all!

    Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 15, 2013, the Board of Directors recommends that Procera’s shareholders vote to approve an amendment to the Company’s 2007 Incentive Plan which would increase the number of shares of common stock available for issuance by 500,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Procera common stock.

 
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