What’s it mean when a company says it’s going to reduce the number of authorized shares of its common stock?
Submitted by admin on October 18, 2009 – 11:55 pmNo Replies
A web user asks, What does it mean when a company says that it’s going to reduce the number of authorized shares of common stock in the Company to 750,000,000? I don’t know what it began with. But I am wanting to invest in this company, but want to know what this means. Is it a reverse stock split? Is the company doing poorly? I just want to know what it all means.
Thanks!
Beth
Can you help them out? Post your advice!
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