Tactical Air Defense Services, Inc.(fka TADF)

[frodo_1978]

hey wolf, i did a quick search, and it seems that if a company does want to increase their A/S, then they have to file in order to get shareholder approval. The last time TADF authorized a share increase was April 2009 (per the 10-K), when they increased it from 1.5B to the current 3B. Having said that, i wouldnt be surprised if they did increase, because like you said, you just never know how much they need to get the merger done. But so far, they have not requested an increase in A/S.

How to increase the authorized shares of stock?

An increase on the authorized shares of stock has to be formally requested to the state by filing “articles of amendment“. A shareholders’ meeting is ussually required to authorize an increase of the shares since their ownership of the company will be affected due to this change.

http://www.activefilings.com/incorporation-services/incorporation-plans/shares/