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Technology Stocks : ESVS vs DCLK
ZULU 0.0002000.0%Dec 12 9:30 AM EST
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To: Joe Copia who wrote (353)3/3/1998 10:02:00 AM
From: BlackStar  Read Replies (2) of 717
 
Jens. as far as I understand retired means dead/put out of commision/etc. some more questions are, if 50,000,000 shares are authorized and ~ 40 million are now outstanding, does that mean they can "print" (tmex's word) 10 million shares?

The TA is supposed to keep track of how many shares issued from a company at any given time. I am not sure if the TA performs any float changing things. I have heard the term 'DTC' or some such mentioned in connection with, f x retiring shares. I hope someone can fill me in on that.

As long as Zulu has a majority share in the company they can issue shares up to but not above the maximum authorized. As far as I know a company can under no circumstances issue more shares than maxAuth. This means that if Zulu decides to 'print', ie issue, 10 mil more common shares there may be a 'problem' if somone with preferred wants to convert. As I understand it the conversion is blocked until either shares are retired or the maxAuth is raised.

This is how I understand it.

The retirement of shares is usually a good thing as that reduces float, outstanding shares and increases each shares book value. That would be the best case right now - that NETZ starts to do some pro-investor things.
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