SilverSun Technologies Inc (SSNT)

[elbiatcho1]

Dilution 701,754 shares @ $5.70
Raising $4M?

SilverSun Technologies, Inc. is offering 701,754 shares of its Common Stock. Currently, our Common Stock is quoted on the OTCQB Marketplace (the “OTCQB”) operated by the OTC Markets Group, under the symbol “SSNT”. The last reported sale price of our Common Stock on the OTCQB on February 4, 2015 was $5.70 per share. On February 4, 2015, we effected a 1-for-30 reverse stock split of our outstanding common stock (the “Reverse Stock Split”). For twenty days following the effectiveness of the Reverse Stock Split, our common stock will be quoted on the OTCQB under the symbol “SSNTD”.

http://ih.advfn.com/p.php?pid=nmona&article=65370819

So the company is expecting the price to go down to average $0.1545 pre R/S?

We estimate that the net proceeds from our sale of shares of our Common Stock in this offering will be approximately $3,253,000, assuming a public offering price of $5.70 per share, after deducting estimated placement agent commissions and estimated offering expenses payable by us. We intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, sales and marketing activities, product development, general and administrative matters and capital expenditures, and acquisitions.