T stone your #'s are close but remember shares ou
Post# of 75001
Posted On: 05/25/2016 11:18:05 AM
Re: Tombstone3821 #21339
T stone your #'s are close but remember shares outstanding vs max allowed
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All shares above the outstanding are for lack of better term are called "shelf" shares. They cannot be directly sold to any firm. These "extra" shares would need to be approved in whole or increments via board approval with application to register/release XXX's shares. This is kind of like an inhouse bank and per boards decision authorized if needed for operating expenses or possibly to raise capital to buyout another co.
So if any fund wants in now they have to buy from the current 320mm shares outstanding currently authorized.
Hope this helps clear the picture
Rock on RMHB
Dadon_111
.
All shares above the outstanding are for lack of better term are called "shelf" shares. They cannot be directly sold to any firm. These "extra" shares would need to be approved in whole or increments via board approval with application to register/release XXX's shares. This is kind of like an inhouse bank and per boards decision authorized if needed for operating expenses or possibly to raise capital to buyout another co.
So if any fund wants in now they have to buy from the current 320mm shares outstanding currently authorized.
Hope this helps clear the picture
Rock on RMHB
Dadon_111
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