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Re: Biotech_Tradez post# 29228

Tuesday, 08/14/2018 2:59:57 PM

Tuesday, August 14, 2018 2:59:57 PM

Post# of 33235
Where do you see that they raised the A/S? Am I missing something? The 10-Q still lists it as 500,000,000. It also states that shareholders would have to approve an increase in Authorized Shares. Alan doesn't have the ability to just raise the A/S. This is directly from the 10-Q.

"As of June 30, 2018, the Company has 500,000,000 shares of common stock authorized. After the exercise of stock options and warrants and the conversion of variable rate debentures, the Company could potentially have a shortfall of common stock. Should there be a shortfall in common stock, the shareholders of the Company would need to approve an increase in the authorized common stock to an amount sufficient to satisfy such exercises and conversions or reclassify the obligations to liabilities payable in some form other than common stock.
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