Metro One Development, Inc (MTRO)

[charhorse]

This is just an opinion however it is referenced in the letter. One of the reasons for the increase in authorized shares is to allow the current owners to maintain ownership.
The shares could be used to prevent a takeover as an approved issuence could prevent loss of majority.
It was also stated that although there are no current plans to do so the shares could be used as in the past for aquisitions. If issued these shares would have a dilutive effect diminishing the current voting power of existing shares