Replies to post #260310 on Minerco Inc (fka MINE)

[staynafloat]

It has nothing to do with math. R/S's only affect the O/S period. The A/S is only changed if the company wants to change it period.


When a company incorporates, among the things the owners of the company decide is how many shares to authorize. Authorized shares are the total number of shares of each class of stock that the company has available to issue. If company management wants to increase the number of authorized shares, it must obtain the approval of the shareholders via a formal vote. Stock splits affect only the issued and outstanding stock -- the authorized shares don't split.


http://finance.zacks.com/split-stocks-count-against-authorized-shares-10955.html