Strattner Financial Group (SCNG)

[SGT ROCK]

Correct me if I am wrong, but in order for a company to raise capital by issuing common stock - don't they have to be in good financial health?

It's my understanding that investment banks help companies issue stock by agreeing to buy any new shares issued at a set price if the public refuses to buy said stock at a certain minimum price.

Therefore, wouldn't DM and crew have to have a solid plan in place - especially in our current economic stance - before any bank would back EVFL?

I mean - to suggest that DM could roll out and issues himself another 200 MIL shares doesn't sound very plausible to me.