GulfSlope Energy Inc (GSPE)

[Tbags7]

The ability to add 100% more shares eliminates a hostile stock takeover since someone will not be able to go out and purchase a majority of open shares in the marketplace and take it over. If someone did, they could release the other 1.5 billion shares to prevent it from happening. May show that leadership knows that the current company is undervalued and they don’t want someone taking it over on the cheap. Now it’s impossible and eliminates the concern. Doesn’t mean they will issue them since there are currently unissued shares right now.