VeriTeQ Corp. (fka VTEQ)

[TheBigStockHunter]

What I want to say is AS and OS Are two different things.... The AS increase isnt happening for a while....

Another point I am reading, is that they need the AS shares ( Not to be confused with the Outstanding shares , to 1...acquire other businesses.... 2.. to issue to the directors and other employees.



In addition, our Board of Directors believes that the increased number of authorized shares of our common stock contemplated by the proposed amendment is also desirable so that we may issue additional shares from time to time, without further action or authorization by the stockholders (except as required by law), if needed for such corporate purposes as may be determined by the Board of Directors. Such corporate purposes might include the acquisition of other businesses in exchange for shares of our stock; flexibility for possible future financings; and attracting and retaining valuable employees and directors through the issuance of additional stock options or other equity awards.

There are only 199 million shares out there folks! Right now and until AFTER the shareholder meeting.

The CEO and company hold the rest and THEY arent selling.

They need the AS to be higher to acquire other businesses.... Or For RETAINING directors and atttracting them ( I am sure THEY Will hold) They arent US. THEY Know what they have and hold!