so i suppose there is no financing in place...instead they are going to severely water down NY NY stock with 70+ million more shares....so we will have over 100 million NYNY shares outstanding.
its a shelf. It means they can complete a financing anytime they want without having to wait for a new registration. Can be common, preferred, warrants, rights or Joseunits which are negative worth.
Not a big deal unless you think the Malaysians are only out for themselves and would sell stock here.