22nd Century Group Inc (XXII)

[KraFtaVerK]

Anyone?:

Our authorized capital stock consists of 300,000,000 shares of common stock, $0.00001 par value per share, and 10,000,000 shares of preferred stock, $0.00001 par value per share. As of October 1, 2014, 64,325,042 shares of common stock were issued and outstanding and no shares of preferred stock were issued and outstanding.


Always wonder what they mean with: authorized captial of 300 000 000 shares at 0,00001 USD... What is it? LOL That means 300 000 000 shares for like 3000 USD?