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LJ Silver

12/04/13 1:27 PM

#33080 RE: Reindeer830 #33079

Nope, 1.5 b. is the A/S. The increase was made to include(or in this case make room for the conversion of) the preferred B and C shares. IMO
LJ
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BigBadWolf

12/04/13 1:33 PM

#33082 RE: Reindeer830 #33079

The amount of total authorized capital stock which the Corporation shall have the authority to issue is 1,500,000,000 shares of common stock, each with $0.001 par value, and 1,000,000 shares of preferred stock, each with $0.01 par value.


and means + (as in addition to) = there will be 2.5 Billion commons once preferred(s) are converted but the A/S is currently 2.5 Billion including the newly authorized preferred(s)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9643879#EX31_HTM