"[Effect on Authorized Shares of Common Stock . The reverse stock split will not affect the total number of shares of Common Stock that the Company is authorized to issue. Our new certificate of incorporation authorizes us to issue a maximum of 600,000,000 shares of Common Stock, $0.001 par value per share, and [1,000,000] shares of preferred stock, $0.001 par value per share . ]"
This part is not to my liking. I think they need to reduce authorized shares by the R/S ratio too. This will require them to come back to the shareholders for a new limit if needed at a later time and minimizes their ability to dilute our ownership substantially, especially since the R/S ratio is unknown.
