KAT Exploration Inc (KATX)

[puitsfraw]

Please give your thoughts on this.

The Company has 3 billion shares authorized. The authorized includes three separate series of reserved shares of which two are non-dilutive. These two series of reserved shares are equal to the fully diluted voting capacity of 66% of the Company’s controlling interest to protect the company from any hostile takeover. Therefore, there are actually only approximately 500,000,000 shares available for common issuance within the authorized shares.

Does this mean that the company cannot dilute the stock? That is what I take from it.