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I still think it has something to due

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Big Brother Member Level  Wednesday, 12/07/16 08:12:01 AM
Re: Hanibal post# 17
Post # of 33 
I still think it has something to due with them raising their number of outstanding shares higher than their authorized shares, I don't recall ever seeing this before.

It's just a formality but raising the a/s would need to be approved by the shareholders first, then an amendment filed to change the company’s Articles of Incorporation to reflect the newly authorized shares.

It's just not legal for this to trade the way it currently stands IMO....or if it was trading it could certainly cause problem with the SEC for them, if some shareholder wants to push the issue.

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