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Re: pitts77h post# 81410

Monday, 03/20/2017 9:10:56 PM

Monday, March 20, 2017 9:10:56 PM

Post# of 100702
PLEASE READ FULL POST. Not true. Folks dd is best done by..YOU!
No intention of being rude, but..
Hear are the facts. Straight out of his link! I copied and paste this section.

Explanation in a nut shell. 800 to 950 mill

AMENDMENT TO THE ARTICLES OF INCORPORATION

INCREASE IN AUTHORIZED SHARES OF COMMON STOCK

 

The Board of Directors and stockholders of the Company have approved an increase in the number of the Company’s authorized shares of common stock from 800,000,000 shares to 950,000,000 shares, and an increase in the number of authorized shares of preferred stock from 10,000,000 shares to 20,000,000 shares, by means of an amendment to the Company’s Articles of Incorporation.

 

The terms of the additional shares of common stock will be identical to those of the currently outstanding shares of Common Stock. However, because the holders of common stock do not have preemptive rights to purchase or subscribe for any new issuances of common stock, the authorization and subsequent issuance of additional shares of common stock will reduce the current stockholders’ percentage ownership interest in the total outstanding shares of common stock. This amendment and the creation of additional shares of authorized common stock will not alter current stockholders’ relative rights and limitations.