Bangi Inc (BNGI)

[agua77]

I'm a little confused by your post. During a R/S a company does not have to increase the Authorized Share Count. It is not part of the share restructuring. For instance, let's say the Authorized Share Count is 1 billion and the Outstanding Share Count is maxed out at 1 Billion. A company can perform a R/S to create shares in the treasury without addressing the Authorized Share Count. Let's say the R/S is 1 for 100, for every 100 shares someone owns they will now receive 1 share. Under the R/S share restructuring, the company would now have an outstanding share count of 10,000,000. The pre-existing Authorized Share Count remains 1 billion. This now provides the company with 990,000,000 new shares in the treasury. R/S are BS, especially if they are used for dillution purposes as opposed to acquisition purposes. IMO and experience, the shareholder gets screwed!