It's simple. And yes it is the precursor to dilution anyway u look at it. While not all the shares may hit the market, any shares they use to pay for goods or to raise capital... Is dilution. So yeah. It will happen. That's why they increased the AS. And the price drop this morning is in response to this. You can deny it all you want. They times it perfectly with the good news of the release.
This Information Statement is furnished to the stockholders of Minerco Resources, Inc., a Nevada corporation (“Minerco” or the “Company”), in connection with our prior receipt of approval by written consent in lieu of a special meeting, of the holder of a majority of our voting securities of an amendment to our Articles of Incorporation (the “Amendment”) to increase the number of authorized shares of common stock from 2,500,000,000 to 3,500,000,000 shares.
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