Cytodyn Inc (CYDY)

[gestalt2]

This is what i found:

Here's another example from http://www.investinganswers.com/
How It Works/Example:

Under Rule 415, the SEC allows an issuer to register new securities, and then shelve the public offering for up to two years. This lets the company make a public offering any time it wants. During this time, any shares of unreleased stock are not treated as shares outstanding for purpose of valuing the company.

Because of the lead time involved in the registration process, a shelf offering allows a company to act quickly when the time is right to issue additional shares in the market, which can be a huge advantage. A company can use a shelf offering to its benefit by waiting for favorable market conditions to release shares.

Basically the company is completing the necessary filings with the SEC so that they can dilute quickly when they want.
It does not mean that the company will dilute soon.