6.5 BILLION were previously authorized by TYTN and "scam stocks", to use your term, do often include a reduction to authorized at the time of a reverse split. They do that, as it is a simple matter to increase the authorized as soon as enough people are unaware of the prior HUGE authorizations and selling against the commons and reverse splits. It is often a ploy to rip off unsuspecting and unaware investors, repeatedly. Rinse and repeat. However, it is difficult for "scam stocks", to use your term....and I find that, interesting...to repeat, if people understand that the previous shareholders were....damaged by the actions of the "preferred" stock holders. Preferreds maintain control and commons are essentially crushed. Sound familiar? LOL Just my opinion backed up with a bit of experience.
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