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Coates International COTE
(Total Views: 674)
Posted On: 03/04/2019 10:43:47 AM
Post# of 3605
Posted By: Dr. Rosen Rosen
Re: tumbleweeds 1990 #3307
No argument and this has been ongoing for years and years but there is a small chance that the reason for the significant increase in Authorized Shares is for a merger (perhaps with a Chinese manufacturing company). As I'm sure you're aware, there is a rather significant distinction between Authorized and Outstanding shares.

Mathematically, I can't see them doing it to raise additional capital because the stock isn't worth anything to start with which is what leads me to believe this might be a legitimate business play.

Either way, none of us knows what we're talking about so I guess we'll just see how this all plays out.













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