Its not as easy as that. $1,000,000 raised off a .0001 bid is 10 billion more shares, not including any discounts which any financier would require to take the risk... SFMI is in the desperate situation here, not the financier.
They don't have the room to issue that much stock and who would buy it?... Also, they owe the IRS hundreds of thousands, they have about $3.7 million in liabilities, insiders are giving themselves over a billion shares each quarter, etc... Its just way too much stock.
Like I've been saying, bankruptcy or a reverse split and a bunch of post split mass dilution is pretty much their their only options, unless they have news that gets the price up to a respectable level, which I highly doubt with no operation, no cash, etc... None of the news they have put out in a long time has done anything. Not even the tolling contract pump. Its stuck
Current shareholders are in a "damned if they do, damned if they don't" scenario... This is a very bad situation to invest in. Caveat emptor
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