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Sunday, May 20, 2018 11:25:15 PM
The reason it would be necessary for the company $HDIH$ to increase it Authorized share count:
in many instances the public company requires a pre-transaction recapitalization involving a reverse stock split and/or increase in authorized capital stock in order to have the available capital stock to issue at the closing of the merger or acquisition transaction and to provide the target entity and its shareholders with the agreed-upon share ownership and capital structure.
It should be noted that there would have to be enough "shares" to cover the total worth of all of it's subsidiary and/or merger companies in the Authorized Share Count. TRKG's previous share structure simply was not large enough to encompass the magnitude of HDIH! With out knowing the financials of ALL of the companies involved in the merger(s) we can NOT assume that the CURRENT SHARE STRUCTURE is a negative thing.
The good news is the company emailed me and told me that they were in the process of completing 4 mergers and they would be filing with the SEC after the merger processes are completed. (The email is located in the iBox)
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