Friendable Inc (FDBL)

[BostonRon]

Here's another free lesson for you regarding authorized shares and why one may increase and why they are valuable to have. Especially in this case where otherwise someone could buy them all up pretty easily

http://www.wikinvest.com/stock/SMTC_(SMTX)/Issuance_Additional_Authorized_Shares_Common_Stock_Dilute_Voting

"The issuance of additional authorized shares of common stock may dilute the voting power and equity interest of present stockholders and may prevent a hostile takeover of the Company.
Shares of authorized but unissued common stock may be issued from time to time by our Board of Directors without further stockholder action unless such action is required by Delaware law, under which the Company is incorporated, our charter, or the rules of the Nasdaq Global Market. Additional authorized but unissued shares of common stock might be used in the context of a defense against or response to possible or threatened hostile takeovers. It is not possible to predict in advance whether the issuance of additional shares will have a dilutive effect on earnings per share as it depends on the specific events associated with a particular transaction."