SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : UNIVERSAL EXPRESS INC - USXP -- Ignore unavailable to you. Want to Upgrade?


To: TraderGreg who wrote (359)6/30/1998 3:28:00 PM
From: Dave Gore  Read Replies (2) | Respond to of 2493
 
TRADERGREG WROTE:Until the SEC forces companies to reduce their authorized in the same proportion as the reverse, this type of scene will continually be played out.

********

Greg, correct me if I am wrong but I have been told that any Company's board can easily change the shares authorized up or down with a simple vote. True?

If so, it is kind of a moot point.