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Sunday, September 08, 2013 11:59:21 AM
Authorized shares: The number of stock units that a publicly traded company can issue as stated in its articles of incorporation, or as agreed upon by shareholder vote. Authorized share capital is often not fully used by management in order to leave room for future issuance of additional stock in case the company needs to raise capital quickly. Another reason to keep shares in the company treasury is to retain a controlling interest in the company.
Also be called "authorized stock," "authorized shares" or "authorized capital stock.
"http://www.investopedia.com/terms/a/authorized-share-capital.asp
Outstanding shares: Stock currently held by investors, including restricted shares owned by the company's officers and insiders, as well as those held by the public. Shares that have been repurchased by the company are not considered outstanding stock.
Also referred to as "issued and outstanding" if all repurchased shares have been retired.
http://www.investopedia.com/terms/o/outstandingshares.asp
So now that we've got that out of the way...MDMN has an A/S of 3 BILLION shares.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Hcp2ORHEHqAVMOpDj8SDuQ%253d%253d&CorpName=MEDINAH+MINERALS%2c+INC.
(see the 4th entry down)
MDMN has an O/S of 962,035,270
http://www.otcmarkets.com/stock/MDMN/company-info
(this also shows the A/S)
With the exception of the definitions I just provided, what part of my previous post did not reflect this?
Malitia
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