CBA Florida Inc. (fka CBAI)

[worthylion]

Although I oppose the increase in authorized shares, it's only a matter of time until they get an increase if they want one. They just need to change the record date to a date after Red Oak acquired its shares so it can vote its 30% for the increase. Since they moved the vote date but kept the same record date, I'm guessing they were at least somewhat close to having enough votes anyway and were hoping getting Red Oak into the company would cause enough shareholders to change their votes to "yes". They may also be calling on larger shareholders to sway their votes. In any case, I think its only a matter of time before they get an increase approved although maybe with Red Oak's input they may ask for a smaller amount of shares next time if this vote fails.