There are a number of reasons why a private company would issue additional shares:
– to raise money (to grow the business or keep the business alive) by selling shares to large investors, who would then have an ownership stake in the company,
– to be distributed as a reward (bribe) to employees,
– and/or to be used as payment in the acquisition of another company.
As a private company, Primate Products is not required to make public details of its business decisions, so we can only guess what’s happening. But this step is one more reason why we’re confident that 2012 is going to be a very interesting year in the campaign to shut down Primate Products!
We have one message for potential Primate Products shareholders: your investment comes with a bonus: a promise of public exposure and protests by Smash HLS!