Whenever a company asks for authorization to issue more shares, they always ask for many more shares than they need, so that they are not wasting money constantly coming back to shareholders for a vote (these things cost money), and also because it's a good idea to have shares in the bank in case you want to, you know, acquire another company, or have a working partnership with a manufacturer or distributer who takes stock in lieu of cash.....

you know, the kind of stuff they mentioned that they might do in the proxy statement.

It's utter BS to claim that all the shares are going to be issued immediately.
Just another lie from the lying liars.