Sep. 17 at 9:53 PM
$LBGJ The company is asking for authorization to have up to 3.5 billion shares, compared with 17.5 million currently.
That doesn't automatically dilute you. Authorized shares aren't the same thing as issued shares. But it gives the company dramatically more capacity to issue shares in the future.
For example, if you currently own 1% of the company and the company later issues a substantial number of new shares to other investors, your ownership percentage could fall.
Meanwhile, the
$0.002 →
$0.00001 change should not be interpreted as the stock price becoming 200 times cheaper. Par value is a legal/accounting denomination and is generally very different from the market price of a publicly traded share.
