companies can dilute with as many shares as they want and are able to sell, but it generally has a negative impact on the current shareholders
most companies have a share structure setup where common shareholders have voting power on matters such as a/s and o/s, but if you look at the share structure for evfl the common share holders do not have voting power, only preferred stock holders do, it is hard to attract large investors when 1 or 2 people can raise the a/s or o/s at any given time
also, there is no law that states how many shares a company can authorize and sell
the thing that I always liked about evfl was that they came right out with an a/s count of 100 billion, in my opinion it has always been clear (and honest) how they plan on raising money to go forward with their business plan
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