Affluence Corporation (AFFU)

[TJG]

Its correct... Affluence has had a 4 billion authorized shares for a long time.... many people do not realize but a company will put in a very large AS as a way to deter a hostile take over. Company or very wealthy people can buy up the shares to where they own 51 percent of the shares and then take over a company... if the AS is that high then the company has control of how many shares are out there to prevent that from happening.

The other reason is if your going to grow and your funds are limited you use those shares as collateral... you buy a company and issue them Restricted shares or Preferred shares in place of the cash you dont have.

Here is the AI response on the Authorized Share statement: Question, Can a public company use Authorized Shares to prevent a take over?

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Yes, public companies can use authorized shares to prevent a hostile takeover by retaining authorized shares and not issuing a majority of them. This can help a company maintain a controlling interest.

AFFU only has 640,000,000 shares out of 4 billion in use at the moment, so they are doing just what the AI answer implies