Good Life China Corporation (GLCC)

[itlogic]

Think of it as their credit card. The A/S is the limit of the credit card. The O/S is how much credit you have used. So, by raising the A/S, they are raising the limit on their credit card. Why do people raise the limit on their cards? So they can spend more, which would be the equivalent of raising the O/S as well. When the O/S raises, the value of the stock decreases.

The A/S (authorized shares) is what they have available to them to add to the O/S (oustanding shares) as they see fit.