TO compare to stock- I would say that other than a LE# on the chip, the "articles of incorporation" for that chip authorize additional issues. As for the proceeds going to the shareholders, I thing Warwick has made an argument that he is issuing this "secondary" in order to continue interest in the hobby at a time when other factors prohibit him from issuing new chips. To me, that's analagous to a CEO deciding that the company needs an influx of capital.

THus I believe my stock ananlogy holds.

That doesn't mean I'm anywhere near right, but I think my analogy stands up.

OK, really to sleep this time