Replies to post #107383 on Cannabis Science Inc (fka CBIS)

[thsteez]

I don't think so, I think the shareholder's need to vote on the increase.


I did some research and found this definition that might be helpful:

Authorized Shares – These shares represent the total number of shares of stock authorized when the company was created. Only a vote by the shareholders can increase this number of shares.
However, just because a company authorized a certain number of shares doesn’t mean it must issue all of them to the public. Most companies retain shares for use later called unissued stock or shares.