stockmama,
Interesting. But who knows what window he was referring to.
There are all sorts of arcane restrictions and definitions and guidelines for shelf offerings. I am by no means a specialist in this area. However, make no mistake about it, it is a tool for selling. It lays the terrain, defines the methodology, and provides the tools for selling shares of SGLB. The real question is, is it simply to allow Cola maximum flexibility in obtaining cash if needed, at a better return than baulking, 'in the money' demanding, private placement investors would go for, or is it with an eye toward the promise land of banked gains. It can just as realistically be both also. As I discount any irresponsible motivation of Cola and gang to be frivolous, at this point I am concluding that this is great sign for all; except maybe the long term shorts.
From what I gather, you can't complete a 'At The Market' shelf offering unless you have met very specific criteria. SGLB sure in hell doesn't meet the criteria for past offering sizes greater than a billion dollars. Nor is this a primary offering, obviously. So it is a secondary offering. But more importantly, the core prospectus states that it can be delayed. And further, the at the market prospectus states that the underwriter will be paid 3% on actual sales of shares. This constitutes a 'pay as you go' status for SGLB. That only falls under the specific category of something along the lines of 'an accredited issuer'. That is not what the legalese people call it though. I can't remember what they call it. But the bottom line is that SGLB can only be filing under that status through the JOBS Act. And I know for a fact that you lose the status of 'emerging growth company' at the $750 million mark. If this is the window that is being referenced, then big things are being anticipated.
All the best,
Silversmith
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