How do you know that the company articles of incorporation do not provide otherwise?
AND, even notwthstanding the above,
It is ROUTINE for pennystock companies with preferred stock class(es) to increase common stock AS with~OUTT shareholder proxy votes - often because the preferred classes are supervoting and CONtrol a majority vote with~OUTT needing to CONsult retail shareholder-victims. The insiders have amjority voting CONtrl via the supervotng preferred classes and can approve via that majority vote with~OUTT even notifying the retail common stock holders before the action is taken and approved.