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Soco54

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Soco54

Re: RE03 post# 10164

Wednesday, 04/06/2016 1:23:05 PM

Wednesday, April 06, 2016 1:23:05 PM

Post# of 13668
They wanted a number above the 126 million share count to maintain majority control over the company. If he didn't issue shares above that number than one person could accumulate millions of shares and a hostile take over would occur.

"Another method of hostile takeover is acquiring a majority interest in the stock of the company on the open market"

http://www.investinganswers.com/financial-dictionary/businesses-corporations/hostile-takeover-764
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