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Re: snow post# 32295

Friday, 08/01/2008 3:08:10 PM

Friday, August 01, 2008 3:08:10 PM

Post# of 49661
Investopedia http://www.investopedia.com/terms/a/authorizedstock.asp says:

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.