This came out after the market closed today. They have 461,000,000 additional shares to sell on the open market now. And they started selling today! Monday will not be pretty.
Item 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On March 25, 2009, the Company filed an Amendment to Amended and Restated Articles of Incorporation (the “Amendment”) reflecting an increase in the authorized shares of the Company and an increase in the authorized Common Stock of the Company. The Amendment was approved by the Company’s shareholders at the Special Meeting. The Company now has authorized 810,000,000 shares of capital stock, of which 800,000,000 are authorized as Common Stock of the Company and of which 329,075,334 were issued and outstanding as of March 26, 2009. The Amendment, which was effective as of March 25, 2009, is attached hereto as Exhibit 3.1.
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