Jim: GLKCE submited an amendement to their articles of incorp on 26 Jan 2005. Before the change, the a/s was 2 billion which included common and preferred stock. On the front page of their SoS record, it shows the current a/s as:
No Par Share Count: 0 Capital Amount: $ 105,428.572 Par Share Count: 105,428,572.00 Par Share Value: $ 0.001
In a PR and filing though, the company said the a/s was 5,428,572. If the TA is correct about the total now being 500 million, it looks like they're delinquent in filing an amendment. For a stock that supposedly has an o/s of only 1.16M, IMO it's churning way too much or the float is much, much higher than their reported o/s figure.
----- "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." -- Warren Buffett
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.