BB's Stock Haven

[stockbabe24]

yep spoke to DRDF CEO about that too. I was initially apprehensive when I found out about that myself, so I talked about this when i called them up (amongst other things), and found out what the deal really was:

The increase in the number of authorized shares will NOT affect the float, or market share price. Why? Because the authorised shares, as far as I understand will be for institutional investors and/or restricted securities and/or insider options etc, NOT towards purchase of common stock in the market. They are doing this to raise capital to fund additional, better acquisitons. So in that sense, it doesnt affect us, the common investor, who plays by the market share price.
Secondly, they have yet to make a decision, and the decision may or may not be made in the meeting, but will be discussed.
By the way, if you read this press release below, the meeting is on May20th, not May 14th.

However, if this still concerns you and you are thinking about investing in this stock, I would suggest you call them up yourself and confirm this, rather than going by what i say.

http://biz.yahoo.com/prnews/040428/sfw062_1.html