Yeah, it's mind blowing, I don't understand it either. People generally associate extremely high outstanding share companies with p&d's, scams and other companies that have no real business other than just selling shares.....so if your a real company why would you do this, why would you want that stigma, your only going to scare folks away.
MOZO comes to mind when I think of this, it's the most interesting ticker on my WL but also the highest o/s by far. Why would they do this, it's absolutely ridiculous.
Sure those high o/s companies are probably the most popular on the OTC, but its only because they are dirt cheap and liquid.
Dreamers with a couple hundred or a thousand dollars to invest see a stock trading @ .0001 and think that it wouldn't take much to run to .01 and they will be rich....lol. Psychologically it seems more easily doable then a $1.00 stock running to $100.00.
Unless you are only interested in your company trading under .01 though, their is no reason to issue so many shares period.
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