What does this mean ? Please help

Discussion in 'Trading' started by cashclay, Feb 1, 2024.

  1. cashclay

    cashclay

    The Company is authorized to issue 5,000,000 shares of undesignated preferred stock in one or more series. As of June 30, 2023, no shares of preferred stock were issued or outstanding.

    Im looking in to a company GTHX and was trying to look and see if they could offer or rather dump shares into the market. Does the above statement show me that I could be right ? Thank you