The 1.6 billion increase in authorized common shares happened on 1/14/14 after trading hours -- the same day that PVEC announced in a PR that it had retired nearly 500 MM shares, which caused investors and traders to falsely believe the company was reducing its share structure, when it was actually increasing it.
The PR announcing the share retirement stimulated by far the highest trading volume in the company's history, which resulted in many people feeling burned and no longer willing to trust the company's statements.
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