Replies to post #45267 on The Golden Lounge

[Churak]

they cannot issue over the authorized which we don't know what that is. The point is that IF there are 100,000 shares out there with due bills redeemable attached, then theoretically, there are 100,000 x 3,000,000 = 300,000,000,000 or 3 hundred billion shares after the f\s. Unlikely the authorized is that high. And do they not need our permission to raise the authorized AND dilute?

[Wayne R]

I don't think it's an option. They'd have to increase the authorised shares to in excess on 99 trillion and backdate it before the screwup.

If they have a way out, I don't know what it is