Board. The recent news about the additional shares is NOT bad news. It's not great news but it's not as bad as some think. First, these shares won't all be sold at one time. Second, they won't be sold this week, or next week for that matter. Third, they will probably be sold to Frost, Frost adding more shares is always good. Fourth, these shares most likely won't be sold until the shares are over $1.00, Frost has a great business sense and he wants this co. share price to go up. He's not going to put a damper on the momentum this co. has right now. He's going to insist the shares not be sold until the time is right, no matter who's buying them. Fifth, Frost will add BZNE to OPK, it may take a while, but it will happen. He wants to own the Q technology and he gets what he wants. When he gets ready to buy the shares he doesn't already own this baby will be $3/share or more. Selling now is just plain STUPID.
Exactly. Thankfully someone else understands. There was NO dilution. This just authorizes the company to issue more shares in the future (a month from now, a year, 5 years, etc.). This could be in connection with an acquisition or a financing (see SFES and MSLP). Both are very positive for BZNE considering its size, especially if it's Frost related.