I believe that to issue more shares, which would technically be called "dilution" (but frankly the share structure is so small here another 10,000 shares sold into the market would be a god send! LOL) that they have to be current on their filings on OTC Markets.
OTC Markets has them as "Limited Information" which means they can't increase the share count unless the filings are up to date.
As an aside- you will often note that a lot of companies that have a huge share structure in the billions of outstanding shares make sure they keep their filings up to date precisely for that reason. Otherwise, when they put out a press release, they can't sell shares into the market like so many do.
Think about that next time, you're looking at a company's share structure. No activity, but billions of outstanding shares, and still up to date on their filings!
That is my understanding as to whether the company can sell shares into the market at the moment.
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