Globe Photos Inc (fka GBPT)

[jimmyz]

I've seen this before and never asked about it but it always bothered me. Based on the date for the authorized shares, does this mean 2 Billion shares today (post split).

Authorized: 2 billion shares (post split)
outstanding: ~80 million shares (post split)

Is this anything we should be concerned over (anyone)? About 4% of the company is essentially public?

I never felt comfortable about this but after doing a little research here is what I know:

(Positive Side):
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1) I understand google has a disproportionately large ratio of authorized/outstanding shares (but I don't know how much... anyone else?). Yet their stock price almost tripled within a year.

2) Earnings per share are calculated based on outstanding shares not authorized shares.

(Negative Side):
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1) On the negative side, and I am not exactly sure how this works... I believe that insider stock options are exercised based on authorized shares... which can mean stock dilution.