Oct. 31 at 2:28 PM
$CVU
“Pursuant to our Charter, our authorized capital stock consists of 55,000,000 shares, of which 50,000,000 is voting Common Stock, … and 5,000,000 is Preferred Stock.”
Shares outstanding minus this is the capacity to issue 37,143,425
But they can only legally issue a certain percentage of shares without a filing......
The question is .... what is that percentage?
I couldnt find it so if we estimate, they can legally issue between 1 and 5 million shares without a filing
But thats just me guessing.....
Remember the press release AH
"CPI Aerostructures refutes any material, undisclosed corporate development accounting for unusual trading activity"
The company said there’s no undisclosed material corporate development.
Issuing pre-planned shares under existing authorized plans, like their 2025 Long-Term Incentive Plan or board approved stock issuance is already disclosed or legally allowed, so it doesn’t count as “undisclosed material news.”
just my 2 cents....
