Dr Foods Inc. (DRFS)

[allenc]

Billions? Like to see management keep AS under 5B or less. This move to increase AS was of no surprise to many IMO:

On August 11, 2016, our investor and lender of the $900,000 and $250,000 convertible promissory notes (Footnote 6: Notes A and G) waived the "Reservation of Shares" requirement for a period of sixty (60) days.   Due to our falling share price, we presently have insufficient authorized common stock capital to meet the "Reservation of Shares" requirements under both notes.   During this 60-day period, the company intends to formulate and implement an expedited corporate action which management believes will posture the Company to address the issue.