Alternet Systems Inc (ALYI)

[msg365]

Is the OTC market regulated by the SEC?
OTC Markets Group Inc. does not regulate the OTCQX, OTCQB and Pink markets. The company is neither a stock exchange nor self-regulatory organization (SRO) and is not itself regulated by the FINRA or the SEC. ... In addition, companies with SEC-registered securities are regulated by the SEC.

^google

Based off of that I'd say these OTC stocks can dilute whenever they want. However, I do believe they set a number of "authorized shares" when listing so ALYI should max out at 2 billion shares. So they are about 205 million away from that. Don't take my word for any of this though. I'm green to penny stocks.