International Consolidated Companies Inc (INCC)

[stervc]

gumzsa, with this INCC confirmation...

Thanks for posting this key confirmation from INCC to eliminate such confusion. I think what some are not realizing is that it is the company that dictates what their Authorized Shares (AS) to be for a company and not the Secretary of State (SOS) for any state. The SOS does not tell a company how many shares they need to have in their AS to use or not use. Technically speaking, although some might have seen such termed as such, it’s really not an approval process. Updating this is nothing more than a administrative formality to have completed. Since paperwork has been completed and submitted, it is ”technically” a done deal.

As for the Outstanding Shares (OS) info, the Transfer Agent (TA) is the governing authority for that info, but the TA has no authority over the AS info as the SOS is the governing authority for the AS info. We should see it updated soon I am sure. This is why the TA is usually the last to be updated with the AS info as the administrative process lags to reach them. It is important to know that such "official" confirmation from the company has been completed and submitted on their end. The company seems to be moving along nicely. Thanks again for posting this confirmation.

v/r
Sterling