Composite Technology Corporation (fka CPTQE)

[bman]

No. It would mean the company has access to additional shares, if approved by the board of directors, to be used for such purposes as acquiring and supporting new financing, employee compensations, and possible acquisitions. These are just possibilities of some uses for the extra shares. Also, authorized does not mean they automactically become part of the outstanding share count. That would only come if approved later by the board. This is my interpetation and we, as shareholders, would not own any additional stock as would be the case in a forward split.