Navy...you are entitled to your vote and opinion, for what it's worth my vote would be with approval for a number reasons. Partnerships might result in major stakeholders, Cash deals in general etc etc they might not use all of the shares but would not be good to need cash and not have anything to trade with. Might be worth considering liquidity also, if this goes where it SHOULD 145ml shares who cares? Bad dilution is what we have had for a while but there is a means to an end here...This in the eyes of many is a very speculative investment that has major risks attached to it. They want what they want in order to give up cash, hence CYTX still has a major cash need that has to be addressed and soon.
Not likely but suppose ROCHE came in wanting a 25% stake???
They might want something in return.
Good for you navy1at ret.....but if you want the company to move forward....they may need more than the current 95 million shares. Approval doesnt mean they will use them all. Usage of some may be for a partnership. Usage may be necessary if other cash source potentials are not timely.
For me...when I vote I plan to "approve" this rec. even though management has squandered millions of dollars raised thru millions of shares on fool hardy pursuits.