Either management are Genius or completely clueless... Imagine the conversation at the think tank:
Dude1: Hey, now have this shell, lets do a RS to ensure any remaining debt holders we missed are reduced to nearly nothing... don't worry about the OTC traders, they're scum anyway...
Dude2: Dude1, That's a great Idea... also lets increase the AS while we're at it, you know just incase someone try's buy us out... don't worry about current OTC shareholders, scum anyways, buy anything...
idiots imo
I know not issued - but nothing to prevent the company from issuing a bunch to grab some cash...