Moon Equity Holdings Corp (MONI)

[Whiplash_Investor]

Anyone know if the BOD has to approve using outstanding shares before using them?

That is up to the BOD, but they did stipulate, "use to acquire other businesses to increase revenues and assets of the Company." for the 20M unissued shares in the AS count. This implies that they are likely expecting this 20M shares to be used for those purposes, just as was done with 5M with XSKN recently.

Legally, I'm reasonably certain CC could issue the remaining 15M to fund operations if he chose to, but his relationship with the BOD likely makes that unwise without their approval at some level. Sure, you can just stop by the car dealership and buy a new sports car without your wife's permission, but you might be asking your doctor if you should see a proctologist or a pediatrist to have her foot removed from your a$$.