Alternative Energy Partners Inc (AEGY)

[my2Mustangs]

WHAT!?

Definition of 'Authorized Stock'
The maximum number of shares that a corporation is legally permitted to issue

How many shares are "authorized" here at AEGY?

ANSWER:250M common plus 5M preferred

How many have been issued?

ANSWER:600M


What your definition is trying to tell you is that AEGY can only legally have 250M outstanding until the AS is raised by filing the AS increase with the state of incorporations SoS.

AS is always higher than the OS, according to your definition:
The maximum number of shares that can be "legally issued" is 250M but right now they have 600M, given their use of "legally issue" somebody at AEGY made a bad booboo exceeding the AS by 350M. Sounds like that was illegal.