A few things can happen when a company gets close to maxing out its Authorized Shares (AS) from what I have seen with my over 15 years of investing:
1 – A reverse split could happen – Won’t happen as the company has already confirmed this. And shareholders have never been lied to by companies? Has a CEO or IR individual EVER lied to you before?
2 – An increase in the AS could happen to give them that cushion… if needed. Most likely scenario - followed with an OS increase.
3 – A significant buyback of shares could happen as I have seen some companies do. Impossible, you need revenues and cash to buy back shares and GLER has neither. I believe you and I have been exposed to these fake buybacks before where the insolvent company borrows the money to buy back shares (further diluting the stock) as a marketing ploy to unsuspecting investors.
4 – Shares bought back could then be retired back to the Treasury to reduce the OS to create that cushion, if needed, as I have seen some companies do too. See #3 response.
You might be pleasantly surprised as that 10-K is a huge ”subliminal” sign
The subliminal sign is that this is a scam and nothing else.
Where do you see the roll up of the HAWK shares? I don't see in that breakdown of 800+ Million shares that there was a 20% bonus going to HAWK as per the partnership agreement - why not? I see that the value put upon HAWK is far less than what they stated in the PR ($24K is hardly MILLIONS or the #0.02 that you and others kept touting). Not being able to account for the HAWK shares implies that there is an additional 450M shares due HAWK to be added to this.
BTW - Subliminal messages is translated into wishful thinking and meritless rumors.