M Line Holdings Inc (MLHC)

[CJP123]

Some haven't read the PR's carefully: This isn't hard...

The increases were necessary

1) To have sufficient stock available to support a new Reg A financing in an amount of $10 million which is still subject to SEC approval.

2)To have sufficient stock available to issue to a private investor who is subscribing for shares in the Company at a price greater than market. These shares cannot be sold for a minimum of twelve months.
3) Due to the government shutdown and the delay in being able to obtain the Reg A approval, to have sufficient stock available for a small amount of dilutive financing. Although this was not planned, there is a significant need for funding to support M Line’s staggering growth in Revenue.

Link: Private Investors and Financial Institutions Support M Line Holdings, Inc's Financing Needs