Friday, July 01, 2005 6:36:08 PM
Authorized means that is what has been approved by the state the company has been incorporated in. LOL, it has nothing to do with the SEC.
Just a little FYI, if the company wanted to issue more than 950 million shares, all it has to do is file an amendment to it's Articles of Incorporation with the state of incorporation and hope the state approves it. Otherwise, it could just order a stock split and viola, more shares to sell.
Ain't gonna happen though!!!!!
Chat with you later, I'm going look for a new place of abode on the North Shore.
A wise man never plays leap-frog with a unicorn.
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