to file a Certificate of Amendment to our Articles of Incorpora
tion, as amended (the “Articles of Incorporation”), to increase
Company’s authorized capital stock from 975,000,000 shares to 1,
975,000,000 shares, such that th
e capital stock of the Company
consist of 1,970,000,000 shares of common stock, par value $0.01 per share, and 5,000,000 shares of
referred stock, par value $0.01
per share (the “Amendment”)
Why in the world do they need to increase it by a Billion shares?
Don't know but I sold mine first thing this morning. Sounds like Major Dilution is coming.
I thought this company had a chance, but now with this news, I think not.