Replies to post #30790 on Electronic Cigarettes International Group Ltd fka

[rayinbrooklyn65]

As I have repeatedly stated, ad nauseam, the company is LIMITED by the amount of authorized shares as to the number of shares they can issue (or further dilute).

once the pref shares are out in enforce..... all bets are off with respect to further dilution

DEFINITION OF 'AUTHORIZED STOCK'
The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Authorized stock, also known as “authorized shares” or “authorized capital stock,” is also usually listed in the capital accounts section of the balance sheet. Authorized shares should not be confused with outstanding shares, which are the number of shares the corporation has actually issued that are held by the public.
Source: investopedia.com

If the company receives approval by the shareholders to raise the authorized shares by 50 million to a total of 350 million, the maximum amount of shares they can issue cannot surpass 350 million shares. Currently, there are approximately 240 million shares (of the current 300 million authorized) issued and outstanding; therefore the maximum amount of shares the company can further issue (or dilute) is another 110 million shares (350 - 240 = 110).