The auth. shares common stock is being reduced fairly...

The auth. shares common stock is being reduced fairly arbitrarily and does not relate to the share split.

Currenly they can issue at most 750M shares. This does not mean thay 750M shares are on issue. THey only have about 680M shares on issue.

After the split one would expect 68M shares on issue.

Now on to the next point:

After the resolution they will be allowed to raise $ to issue addition shares up to 150M, a large increase from 68M.

So in effect, before the split they could only issue 20% extra shares for whatever purpose. After this approval with 68M on issue and 150M allowed, these could more then double the shares on issue (cap raising/JVs etc etc).

This is all just administrative. I don;'t think it warrants much concern.

Hey but this is my opinion. I like to think I get it right, but my wife frequently advised me otherwise...