Replies to post #1208 on Optimized Transportation Management, Inc.(fka OPTZ

[RedStick]

gonzilee, you're just not sounding bright right now.

1. A company can raise O/S without notice to shareholders.

2. A company CANNOT RAISE A/S WITHOUT A SHAREHOLDER VOTE, as such would be an amendment to their articles of incorporation or by-laws.

You're suggestion is akin to telling me to call DE to find out if Earth is round. There's no point. Everyone who knows anything about stock investing knows that you can't just run around raising authorized shares without a shareholder vote.

[RedStick]

Authorized stock:

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. This figure is usually listed in the capital accounts section of the balance sheet.

Also known as "authorized shares" or "authorized capital stock".

Investopedia Says:

This number can be changed only by a vote of all the shareholders. Management will typically keep the number of authorized shares higher than those actually issued. This allows the company to sell more shares if it needs to raise additional funds.

http://www.answers.com/topic/authorized-stock

You are wrong "gonzo".