bASIC-Mining was originally set up that way by me last year to avoid requesting the issuance of additional shares if needed in the future. At the time it was not at all unusual to do it that way. Not one share has ever left the asset issuer account without a shareholder vote and majority approval. Not. One. Ever. Not even for a millisecond. This is easily checked by anyone at any time by simply checking the number of shares outstanding.

Originally 5000 shares authorized >>> 10x stock split authorized >>> +1625 authorized for equipment purchase = 51,625 shares outstanding.

Cheers.

Edit: Asset issuers cannot change their contracts on btct.co w/o site admin approval, which is only granted upon a successful shareholder vote.