Sorry thats not correct. You don't increase your pool of potential shares to accommodate a buyout. You do it so you have the option to dilute into oblivion.
Is this CEO growing a real product? Maybe, but the history of the pink sheets shows only the tiniest percentage of companies rated caveat emptor ever make it.
You should support your position but be skeptical of management.
"1. Activity started at nvsos on 1/20/2009 with A/S increased from
40m to 740m shares to accomodate Buyout or Reverse merger
Action Type: Amended & Restated Articles
Document Number: 20090043790-54 # of Pages: 8
File Date: 1/20/2009 Effective Date:
Previous Stock Value: Par Value Shares: 40,000,000 Value: $ 0.001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0
Total Authorized Capital: $ 50,000.00 New Stock Value: Par Value Shares: 740,000,000 Value: $ 0.001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0
Total Authorized Capital: $ 750,000.00"
