Happy Harry Hoskins and Crabby Cynthia Crowders are organizing Red Lodge Metals Unlimited, Inc., to undertake a high risk gold mining venture in Canada. Mr. Hoskins and Ms. Crowders tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Mr. Hoskins and Ms. Crowders have decided to establish par value at $0.03 per share in order to appeal to a wide variety of potential investors. They believe that investors would be more willing to invest in a company if investors received a large quantity of shares for what might appear to be a "bargain" price. Discussion: Are Mr. Hoskins and Ms. Crowders acting ethically? Please discuss