I am pretty sure Frankie maxed out the authorized before he sold controlling interest to ASAMA. So there are a ton of shares outstanding.
That said, now a legitimate business in the crypto mining sector owns at least 51% and Frankie can do no more harm.
ASAMA should and likely will do a massive reverse split to get this off rock bottom from a pricing standpoint. Then likely issue more shares to the new owners/officers. I just don't know what percentage the current shareholders will retain.
If ASAMA knows what they are doing, they will want to get this all done in short order before updating filings with their revenues and expenses. That way new shareholders that purchase after the Transaction won't get burned.
I still own shares here and think the shares will be worth more after the R/S and new issue, once ASAMA releases real business numbers. However, I don't have enough info to give any kind of legitimate estimate on what these shares are worth so I wait.
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