Unfortunately, we need to approve the share increase.  I don't like it.  Management needs positive news and Revenues soon!

"Because the November 2015 Warrants requires the Company to reserve 100% of the shares of Common Stock issuable upon exercise of such warrants, failure to do so constitutes an Authorized Share Failure under the terms of the November 2015 Warrants. As a result, the November 2015 Warrants requires that as soon as practicable after the date of the occurrence of the Authorized Share Failure, but in no event later than 60 days after such occurrence, the Company shall hold a meeting of its stockholders for the approval of an increase in the number of authorized shares of Common Stock. In connection with such meeting, the Company shall provide each stockholder with a proxy statement and shall use its best efforts to solicit its stockholders approval of such increase in authorized shares of Common Stock and to cause its board of directors to recommend to the stockholders that they approve such proposal. The Companys annual stockholder meeting currently scheduled for May 18, 2017 has an agenda item in which the Company will seek stockholder approval of an increase in the number of authorized shares of the Companys Common Stock in an amount that is sufficient to resolve the Authorized Share Failure."