Friday, March 08, 2024 3:13:24 PM
As for 5B authorized shares vs 300K. This is a legit question and here's my opinion for whatever it's worth. Entrex have aspirations to become a multi-billion dollar company (they have access to $3B carbon offset credits, hence the potential is real). Let's say they have a big order in the tens of millions, or even $100M, then the company could easily be the victim of a hostile takeover via an unsolicited bid with only 300k authorized shares. Hence the need for a much larger amount of shares to be used as a deterrent (as a poison pill) from a hostile takeover. I don't think it makes a difference whether it's 2B or 5B. Again, AIMHO.
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