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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!
DGIV 0.00Dec 5 4:00 PM EST
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To: MARK BARGER who wrote (23157)8/24/1998 4:47:00 PM
From: RocketMan  Read Replies (1) of 50264
 
<<Also who says there are 100 mil. shares authorized. Roger states that there are only around 20 mil. shares outstanding and it would take shareholder approval to authorize 1 additional share and all shareholders would be notorized.>>

There are around 20M outstanding, that is true, I think it might be a bit less, 19M and change. I wonder if the confusion is between authorized and outstanding. Outstanding shares are all of those that have been issued, either in the float or restricted. Authorized are all that can ever be issued, period, but Roger is right that the stockholders would be notified if any above the 20M outstanding would be issued. This could happen, for example, through a stock split.

My understanding is that the 100M figure came from the transfer agent. There might have been some confusion in your talk with Roger about outstanding vs authorized, is my guess. But we need to get a firm figure and put this question to bed once and for all.
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