The stockholders of Nathans have authorized the company to issue 30,000,000 shares of company stock, but only a little over 9,000,000 have actually been issued. Yet, there are only a little more than 4,000,000 shares outstanding in the hands of stockholders. Nathans has not canceled any shares of stock.

• Where are those other approximately 5,000,000 shares?
• Tell me the exact number of shares issued and outstanding.