Nope that's the elephant in the room for down the road or atleast for the next rotation of swing traders lol..that's not today's issue however
This stock is being bought up by insiders and its only for one reason...they feel the price is going to increase as they are restricted from selling for a min of 6 months from the date of purchase.
The CEO has put in close to $300k so far purchasing shares and is claiming that we will see an 8k showing the cancelation of 250 million common shares
As long as the OS continues to decrease and the level of insider ownership increase i personally dont care where the AS remains...I am more than confident in adding shares right along with insiders for the time being...best of luck to you on whatever you decide to do!!
Who cares about the 10 billion Authorized? Obviously the CEO is not adding shares, he is buying back shares! I care about the outstanding share count, and reducing the outstanding is huge!