Proposals by small companies to increase the number of authorized shares are actually pretty common; they would be even more common, but some companies obviate the need for an increase by implementing a reverse split and not adjusting the existing share-count authorization for the split.
Any thoughts about what they're up to?
I don’t think there’s any secret plan for the newly authorized shares; rather, PPHM is simply ensuring the company’s viability in the worst-case scenario (#msg-116400071).
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