RDXH New management no increase! The authorize
Post# of 102233
Quote:
The authorized stock will stay at 100,000,000. To be clear, management has relayed to all parties that "less is more." By creating a preferred class of stock that gives a cash dividend (not stock dividend), certain parties have opted out of taking so much restricted common stock. Furthermore, Management would like to relay that the former management took restricted preferred stock in exchange for the public company.
Source: www.cnbc.com/id/102298702