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jack kreg

08/15/23 6:44 PM

#81920 RE: Diogenes of Sinope #81919

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