Bangi Inc (BNGI)

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Wrong answer.. here we go ...MARIJUANA,!!!! Penny Stock BANGI (OTC: COBI), Increases Authorized Shares As Part Of Long-Term Expansion StrategyFont size: A | A | A
9:16 AM ET 12/24/18 | PR Newswire
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3:16 PM ET 12/26/18
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COBI
0.00 33.33%
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LOS ANGELES, Dec. 24, 2018 /PRNewswire/ -- Cannabis firm BANGI Inc. publicly traded as (OTC: COBI), announced today that it recently increased its authorized share limit with the intention of leveraging its stock to help finance and secure additional properties in the near future.

As defined in Investopedia.com, Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. It is also usually listed in the capital accounts section of the balance sheet. Authorized shares should not be confused with outstanding shares, which are the number of shares the corporation has actually issued that are held by the public. Authorized stock is also known as authorized shares or authorized capital stock. According to BANGI, Inc. (INTEREM) CEO Rick Shykora, "The company believes that by utilizing its stock to secure assets and raise additional capital, this will allow us to aggressively purchase additional hard assets and undervalued real estate properties.