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Re: Diogenes of Sinope post# 81919

Tuesday, 08/15/2023 6:44:54 PM

Tuesday, August 15, 2023 6:44:54 PM

Post# of 81999
So, SASI is trying to raise $1,500,000.
With about 10,000,000 shares outstanding and trading at 20 cents, current market cap is $2,000,000.
How many shares will the buyer get?
Will the buyer be paying the current market price?
If so, that would suggest about 75% dilution for current share holders. Ouch!!!
Is that right?
thanks, JK
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