Replies to post #27437 on SunWorks Inc (SUNWQ)

[buckylaw06]

Well, basically, SLTD can issue/sell as many shares as it needs to until it raises the desired amount of cash (up to $50 million), so long as SLTD stays under the billion authorized shares. It can do so all at once, or at multiple times over the course of 3 years.

One interesting thing I didn't realize before, SLTD can sell common shares directly into the market. This is called an "at-the-market" offering. So, who knows, that could have been SLTD selling all those shares yesterday and today via CDEL. If that's the case, I sure like that market-price dilution better than the convertible note type that issues new shares at huge discounts.
See the FAQ at pg. 15 http://media.mofo.com/files/Uploads/Images/FAQShelfOfferings.pdf

I'm not 100% certain, but I think I read that once shares are actually offered/priced, SLTD would have to file the update form within 2 days.