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variant2

08/18/09 10:14 AM

#79318 RE: shinerg #79315

The CEO can dilute the O/S until it reaches the limit of the A/S. If the CEO needs to dilute above the limit of the A/S, then he/she must file an amendment to raise the amount of common shares authorized.

In our case, the common shares authorized are uncapped and the CEO is free to dilute the O/S into infinity and beyond.