Thank you,
I am not dumb but 82 years of age, not old, widow and this really interested me. With no higher education or education in finance but do read articles that I don't comprehend, I appreciate your reply and it does give me a general understanding as I requested.
Frannie...Love seeing you using the web at 82 years young...
Go to www.ncans.net, www.investigatethesec.com, www.themotelyfool.com This problem if left unchecked could effect alot of people and their investments. I know I have been in some stocks that had their A/S just go up day after day when they never authoried the shares.
CMKX traded 42 billions last Dec 14, 04...they only have 703B A/S, so it is real, it is serious and it is not just the penny stocks anymore as it was when it started. Check those sites they have a lot of verified articles.
God Luck Frannie
abletruth