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Posted On: 01/28/2018 1:57:18 PM
Post# of 96881
You seem to keep confusing the issues and the terms. Let's try one more time.
The A/S is the authorized shares. That is the number of shares in total the company is authorized to issue. The A/S is set simply by the company filing a single page form with the State of Nevada. The A/S cannot be set lower than the existing and outstanding shares. The current A/S is 499M. The current O/S is 175M. The A/S is going to be lowered to 250M. It's instant and automatic.
The O/S is the outstanding shares. That is how many shares have been issued by the company. As detailed in the proposals, the company will be putting those shares into treasury for the specified uses. Those shares will not be "retired" as you stated.
The A/S is the authorized shares. That is the number of shares in total the company is authorized to issue. The A/S is set simply by the company filing a single page form with the State of Nevada. The A/S cannot be set lower than the existing and outstanding shares. The current A/S is 499M. The current O/S is 175M. The A/S is going to be lowered to 250M. It's instant and automatic.
The O/S is the outstanding shares. That is how many shares have been issued by the company. As detailed in the proposals, the company will be putting those shares into treasury for the specified uses. Those shares will not be "retired" as you stated.
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