From FORM 14C, it's PLAIN ENGLISH, the shares, via the BOD, just as in past 14C filings, can issue/use the shares for essentially ANYTHING THEY DEEM NECESSARY at ANYTIME. It's ENGLISH.
From the 14C (present one) PAGE 51:
"Material Terms, Potential Risks and Principal Effects Of The Increase of Authorized Common Share
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."
WORD FOR WORD from past 14C filing, PAGE 4:
"There is no current plan, commitment, arrangement, understanding or agreement, written or oral, regarding the issuance of common stock subsequent to the increase of the authorized shares."
Sound familiar? It's almost verbatim the wording in the present 14C. The shares can be used for "employee benefits" or for "ongoing operations" or for "OTHER corporate purposes" which leaves it wide open. The word "current" has meaning. It means, that when the document was filed, there were no "current" so called "plans" to issue the shares. But guess what happened in the past- EVERY last one of the newly "authorized" shares ended up getting issued. The present 14C carefully inserts the word "current", as in no "current" plan. Well, next week, in a month, 2 months, the "current" so called "plan(s)" can change, IMO, will change, and the shares can be issued, per the statement on page 51, for essentially ANYTHING the BOD deems "necessary" and from "time to time as needed" and for pretty much anything they decide is a "corporate purposes". Simple as that IMO.
There is NOTHING that "guarantees" the shares are supposedly for "financing only", IMO. READ the document. The lines above are cut n pasted, straight from the document. It doesn't get any clearer IMO. OTHER CORPORATE PURPOSES or EMPLOYEE BENEFITS and from TIME TO TIME "as needed" blah, blah, blah and NO "CURRENT" plans. Well, then tomorrow, or next week, the "CURRENT PLAN(s)" could be revised and then the shares can be issued, used just as in past 14C's for DILUTION. Simple as that IMO.
AI
