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Technology Stocks : ACII - AmeriChip International, Inc.
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To: Don Hand who wrote (2977)12/17/2006 7:15:36 PM
From: The Alchemist  Read Replies (1) of 4616
 
He was referring to an increase in the authroized shares, which used to be set at 500mil. Now at 900 mil this gives them more room to dillute should they choose to do so. As you stated the outstanding share count is still apporiximately 445mil.

Now, pending a filing I don't see how the 900mil number is valid, I believe someone got that number recently from somewhere in Nevada. I am going to have to see it from the company to believe it. I was under the impression that the company was just about to turn the corner and get things moving. If the 900mil number turns out to be true that would be a negative sign for longs.
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