"currently no plans, arrangements, commitments or understandings for the issuance of the additional shares of Common Stock"
"currently" is a VERY specific word/wording IMO. It means, 5 minutes later, the BOD could meet, and per the statement in the prior portion of the 14C, they could "issue shares from time to time AS NEEDED...."
See previous 14C filings, there were also "no immediate plans", but the shares got issued, every time, and for all sorts of various reasons, none of which had to do with a single, "big", "lump sum" type of so called "financing deal".
14C, PAGE 51:
"Our Board of Directors and the consenting majority stockholders have adopted and approved resolutions and an amendment to the Articles of Incorporation to effect an increase of the number of common shares of the Company that the Company may issue from nine hundred and fifty million (950,000,000) shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively, to two billion (2,000,000,000) shares of shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively. The Board of Directors and the consenting majority stockholder believes that the Increase in Authorized common shares is in the best interest of the Company and its stockholders because the increase in the number of authorized but unissued shares of Common Stock would enable the Company, without further stockholder approval, to issue shares from time to time as may be required for proper business purposes, such as providing for reserves that are often required when and if necessary to raise additional capital for ongoing operations, business and asset acquisitions, present and future employee benefit programs and other corporate purposes as we make every effort to become cash flow positive."
See that, "employee benefits" or "OTHER corporate purposes". Once they put "other" in the wording, it IMO, leaves it 100% wide open to pretty much anything the BOD deems to be "for corporate purposes" and solely at their discretion, "without further share stockholder approval".
It's plain English IMO.
