The reductions are made possible by an agreement made between the CEO and incoming Board members. The Authorized share reduction was a request made by the incoming Board members as was a two year restriction on the shares issued to the CEO. It was decided amongst all parties that a reduction in the number of Authorized and Outstanding shares would benefit the Company more than a two year restriction. The reduction in the Outstanding shares leaves shares available for the Company to use to acquire other businesses to increase revenues and assets of the Company.
