Replies to post #4395 on SilverSun Technologies Inc (SSNT)

[Det_Robert_Thorne]

They don't have 2.5B shares left to sell

Don't know where you came up with the 2.5B share figure, Maestro, but it's probably wrong.

In the 3Q 10-Q (page 4), they listed the number of outstanding shares at 6.47B:

http://www.sec.gov/Archives/edgar/data/1236275/000118518510001280/treyresources10q093010.htm


The S8 filed on Nov 23 registers 2.83M shares for use as stock incentives to directors, officers and consultants (for consultants, it's stock in lieu of cash):

http://www.sec.gov/Archives/edgar/data/1236275/000118518510001385/trey-s8_111910.htm


That's 9.3B shares, leaving only 700M remaining of the authorized 10B shares.

So yeah, it probably is impossible for them to sell 2.5B shares in a private placement.

At least without a vote of the shareholders to increase the number of authorized shares.