mdhi according to this there will be 16b authorized shares . but there are only going to be 4,360,792,994 out standing shares. 966,059,000 float. 3,460,413,103 restricted shares. that leaves about 11.7b a/s in reserve or banked by the company witch they will be holding to raise capital or acquisitions . this is not as bad as it could have been.
Quote:
There are currently 1,360,569,304 Common Stock outstanding. Implementation of the Capital Restructure will require the issuance of an additional 3,000,223,690 Common Stock. As a result, there will be 4,360,792,994 Common Stock outstanding . Of these, 966,059,000 will be unrestricted and free trading in the public market (the “Float”) . The remaining 3,460,413,103 outstanding Common Stock will be unregistered shares and subject to selling restrictions .
Quote:
In addition to the removal of debt through the Capital Restructure on the Company’s balance sheet , the Authorized Share Increase will give the Company additional shares to provide flexibility for the future. In particular, the Company may require additional funding for its operations and therefore may need the increased number of authorized shares to raise additional equity capital. Additionally, the additional authorized shares may be used in the future for any other proper corporate purpose approved by the Board, including making strategic acquisitions, entering into collaborative and licensing arrangements, employee recruitment and retention, shares reserved under stock option plans, stock dividends or splits, or other corporate purposes . The terms of any shares of preferred stock that may be issued in the future would be determined by the Board of Directors
reference source
Quote:
There are currently 1,360,569,304 Common Stock outstanding. Implementation of the Capital Restructure will require the issuance of an additional 3,000,223,690 Common Stock. As a result, there will be 4,360,792,994 Common Stock outstanding . Of these, 966,059,000 will be unrestricted and free trading in the public market (the “Float”) . The remaining 3,460,413,103 outstanding Common Stock will be unregistered shares and subject to selling restrictions .
Quote:
In addition to the removal of debt through the Capital Restructure on the Company’s balance sheet , the Authorized Share Increase will give the Company additional shares to provide flexibility for the future. In particular, the Company may require additional funding for its operations and therefore may need the increased number of authorized shares to raise additional equity capital. Additionally, the additional authorized shares may be used in the future for any other proper corporate purpose approved by the Board, including making strategic acquisitions, entering into collaborative and licensing arrangements, employee recruitment and retention, shares reserved under stock option plans, stock dividends or splits, or other corporate purposes . The terms of any shares of preferred stock that may be issued in the future would be determined by the Board of Directors
reference source
