Again an A/S is not an O/S. Being authorized to issue 350mm doesn't mean anyone ever will. 350mm A/S is super attractive. My hunch is the A/S had to be increased to do an acquisition.
Hypothetically: They increase A/S to 350 and issue 50mm new shares to the acquisition target. Enough for new CEO, board of directors maybe etc. Now you have a brand new company with maybe 90mm shares outstanding and 350mm A/S.
That's the kind of share structure that .70 stocks have. If they merge in anything hot like a weed co this thing can easily see .50 with the possible share structure I outlined.
My hunch, this is a reverse merger. CEOn will be stepping down soon, new company coming in. I've seen enough of em to know this is how it goes.
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