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Saturday, May 20, 2023 10:33:29 AM
Lets say the company wants to raise $20 to $30 Million Dollars at offering to fund new operations.. Nasdaq and NYSE have a Minimal bid price of $4.00 Bucks.
Scenario 1. So they can offer 5M/6M shares at 4bucks, Remember they have to be at $4 bucks to uplist.
Scenario 2. They Max out the A/S sell those remaining 39M shares at .75 cents and they do a 1 for 6 RS.. The latter scenario is highly unlikely since the Analyst has a $6 dollar Price Target not including the Brazil deal. That would only increase it.
![Bullish](/static/images/ih2-bull.png)
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