Which begs the question... why would Delta International Oil & Gas move their business from Arizona to Colorado?
Colorado Corporation Authorized Shares: There is no minimum or maximum number of authorized shares since state incorporation fees are not based on the share structure.
Arizona Corporation Authorized Shares: The Corporation is authorized to issue a total of 51,000,000 shares, consisting of two classes of stock, designated “Common Stock” and “Preferred Stock.” The total number of shares of Common Stock the Corporation is authorized to issue is 50,000,000, with a par value of $0.0001 per share. The total number of shares of Preferred Stock the Corporation is authorized to issue is 1,000,000, with a par value of $0.0001 per share.
Ah ha! Delta International just pulled an American Green move by transferring to a state that has no maximum limit on authorized shares, like when American Green moved from Nevada to Wyoming!
Now ask yourself this, why would Delta International want no limit on the number of shares they can authorize? Only a week after American Green purchased Nipton?
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