Not easy but they chose to increase the shares authorized to increase the shares that can be issued for a deal. They could also have done a 1 for X reverse split with no change in the shares authorized (e.g. URMD 15M/100M to 500K/100M). The increase is "big" but it is relative and the share oustanding is "low." PPXP was 3M/100M. Potential shares go to 290M whether or not they will be all issued?
At least they are thinking about a deal and getting ready for one which is encouraging news for this shell with a nice pop today as a result.
Also interesting is that the amendment was filed on Wednesday and Tuesday was 52W low at 0.052! And November had a one day 52W high of 0.15 on 16X volume!...
One other way is to do a 1 for X reverse split with no change in the number of shares authorized e.g. URMD to go from about 15M/100M to 500K/100M so potential shares go from 85M to
The number of shares authorized might seem high but it is all relative and depends on the deal being worked on. For reference PPXP was 3M/100M
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