ITFI...for those bottom feeders, make sure you remove your capital from this one early.
reasons for my opinion..
Under Nevada law, unless otherwise provided in the articles of incorporation, a corporation that desires to change the number of shares of a class or series, if any, of its authorized stock by increasing or decreasing the number of authorized shares of the class or series and correspondingly increasing or decreasing the number of issued and outstanding shares of the same class or series held by each shareholder of record at the effective date and time of the change, may, except as otherwise provided in subsections 2 and 3 of Chapter 78.207 of the Nevada Revised Statutes, do so by a resolution adopted by the board of directors, without obtaining the approval of the shareholders.
Capital Structure. Under our proposed articles of incorporation, the total number of shares of capital stock that International Trust and Financial Systems, Inc. will have the authority to issue is 2,000,000,000 consisting of 1,990,000,000 shares of common stock, par value $0.001 per share, and 10,000,000 shares of preferred stock, par value $0.001 per share. Under our current articles of incorporation, International Trust and Financial Systems, Inc. presently has the authority to issue only 50,000,000 shares of common stock, par value $0.001 per share and 10,000,000 shares of preferred stock, no par value per share.
all things multiply to the point of starvation.
(--Budge--)
