An increase in the AS means nothing. It is making them outstanding that matters. I would guess the stocks that skyrocket after an AS increase also have something like a merger or some kind of aquision takinplace. It is very common practice to use shares in a case like that.
So if a company has a 1 Billion AS 800M OS and 300M float. The company holds 500M for control
They have no more then 200M shares to deal with. Any more then that and they risk loss of control. So they raise the AS and use 500M for a deal the AS is 2B the OS is still 800M the float is technically 800M but depending on the deal the 500M may or may not become part of the float. All the company really did was use the float to make a deal so the expected dilution never happens. In Mergers they often increase the AS to make sure they have no control issues when the company switches hands.
We will have to wait for the details but the questions of if we need to file or if they are doing anything they shouldnt are answered by the tier we trade on....
The U.S. Reporting Company Marketplace OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. There are no financial or qualitative standards to be in this tier. OTCQB securities may also be quoted on the FINRA BB. The OTCQB allows investors to easily identify reporting companies traded in the OTC market regardless of where they are quoted.
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