Ok,did quite a bit if research to answer my own question from last week.
Obviously I am not an FA, expert, nor di I have lots of experience with stocks. My comments are based on multiple websites and might not be complete or perfectly accurate, nor am I making predictions.
The additional AS has a couple of paths to ne seen as positives as long as there isn't a reverse split. If the company releases the extra AS for equity financing to perform any of the following it would most likely be seen as positive; getting rid of debt, acquiring more companies, building/improving infrastructure and expanding. These are generally seen as positives, especially with a new company wanting to to enhance their P/E sheets and to expand the business.
Here's hoping to all good things coming to we that have waited!