Two answers from other sources to "Does an OTC corporation have to do anything more than Amend its Articles and submit them to its State of incorporation in order to increase its Authorized Shares?"
1. Nope. 2. Easy as pie and with the stroke of a pen. Many OTC corporations have a BoD of one with super voting preferred. Commons get no vote and are rarely even notified.
The only thing I'm not sure about is whether the change was required to be approved by the one man Board of Directors or the shareholders. The Nevada law starts this way..... "NRS 78.207 Change in number of authorized shares of class or series: Resolution by board of directors; approval by stockholders; rights of stockholders.
1. Unless otherwise provided in the articles of incorporation....."
...and I can't find the articles of incorporation or the Company ByLaws, which I SHOULD be able to do. It would be nice to know what they say.
I suppose it doesn't matter much though given that the Company says it secured the approval of both: "1. The written consent of the sole director of the board of directors of the Company and the written consent of the majority shareholders of the Company was obtained on February 15, 2021 for the adoption of amendment to the Articles of Incorporation as described in paragraph 2 below."
If anyone can locate the Articles of Incorporation, which are supposed to be public, I hope they'll provide a link. The latest Attorney's Opinion Letter says this, but I can't find any of the things he refers to: " its Annual Company information and Disclosure Statements for the years ended December 31, 2015, 2016 and First Quarter of 2017, all filed with the OTC Markets Group on October 3, 2017 (including additional exhibits, Articles of Incorporation and Bylaws and Officer/Director Disclosure filed on October 5, 2017), all unaudited; "
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