Coates International Ltd. (fka COTE)

[alabama96]

14C out too. They are raising their A/S to 2.4 billion from 240 million. They were originally were going to lower it to 120 million, but now they say they are raising it in anticipation of the need to raise capital.

The proposed increase in the number of authorized shares of capital stock will enable the Corporation to raise funds to meet its ongoing needs for working capital without experiencing unanticipated delays in the event of a shortfall in the future of the number of authorized shares of capital stock.