If you're going to make up reasons, they should at least be plausible, no?
Maybe the company thought it could get the filings approved without the need to raise the AS and were told no?
There is absolutely nothing in GAAP that would make that a possibility. As has been noted, they have filed in the past with insufficient shares. It just requires disclosure.
Maybe Nevada would not let them re corporate without the rise in AS?
Since that didn't happen, probably not a reason either. "Re corporate"? What the heck is that? LMAO. They paid their fee and made their annual information filing. Nothing in Nevada has anything to do with their audit. It's a registration. Period. At most, it would be a disclosure item.
FACTS MATTER
Why is it so difficult for some to get even very basic thing right?