Integral Technologies Inc. (fka ITKG)

[gktignol]

daViking, that's not quite accurate

From the news release dated May 10, 2006

http://www.itkg.net/index.php?page=608

++++++++++++++++++++++++++++++++++++++
Integral Shareholders Approve Increase in Authorized Share Capital
BELLINGHAM, Wash.--(BUSINESS WIRE)--May 10, 2006--Integral Technologies, Inc. (OTCBB:ITKG - News; "Integral"), announced today that an increase in the authorized share capital of the Company's common stock has been approved at a Special Meeting of Shareholders held on April 28, 2006.
The proposal by management to increase the authorized common shares from 50 million to 150 million received overwhelming support, with 93.5% of shares voted in favor of the proposal and less than 0.3% of shares voted abstaining.
The Company has been advised by a number of warrant holders of their intention to exercise their warrants prior to the expiration date of June 30, 2006. These warrants originated from previous private placements.

+++++++++++++++++++++++++++++++++++++++


There's a huge difference between 'Authorized' and 'Outstanding' shares. Integral's 'Authorized' share count stands at 150,000,000 (as noted above), while the 'Outstanding' share count stands at roughly 45,500,000, which is VERY low for an OTC:BB company.


Here's a definition of terms from Investopedia:

Authorized Stock

http://investopedia.com/terms/a/authorizedstock.asp

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. This figure is usually listed in the capital accounts section of the balance sheet.

Also known as "authorized shares" or "authorized capital stock".

This number can be changed only by a vote of all the shareholders. Management will typically keep the number of authorized shares higher than those actually issued. This allows the company to sell more shares if it needs to raise additional funds.


Outstanding Shares

http://investopedia.com/terms/o/outstandingshares.asp

Stock currently held by investors, including restricted shares owned by the company's officers and insiders, as well as those held by the public. Shares that have been repurchased by the company are not considered outstanding stock.

Also referred to as "issued and outstanding" if all repurchased shares have been retired.

This number is shown on a company's balance sheet under the heading "Capital Stock" and is more important than the authorized shares (emphasis mine - gktignol) or float. It is used to calculate many metrics, including market capitalization and earnings per share (EPS).


I hope that helps,
gktignol