Under the Company's Amended and Restated Certificate of Incorporation, as amended, the Company has 300,000,000 shares of common stock, $0.001 par value per share (the "Common Stock"), authorized for issuance. 85,713,967 shares of Common Stock were outstanding on June 14, 2009. As of June 14, 2009, 13,317,080 shares of Common Stock were reserved for issuance upon exercise of outstanding options granted pursuant to the Company's equity incentive plans, 11,038,978 shares of Common Stock were reserved for issuance upon exercise of outstanding warrants and 4,788,100 shares of Common Stock were reserved for issuance upon conversion of outstanding convertible subordinated promissory notes.
(per the 6/18/2009 filing)
I'm guessing the company is selling many more shares right now. How long will it take tehm to unload the rest of the 300 mil A/S?
Am I understanding this correctly, that these were reserved in advance as INCENTIVE share? Or, are these new shares definitely separate? Cause those numbers seem awfully familiar. One (or a number) of the Exec's orchestrating and cashing in himself?