Bob, you need to start getting with the program of business. Share holders just voted in increasing the percentage SMN can use to raise capital. A special one year for capital expenses required for business expansion.
Now $1 in my opinion will be the low point in the new capital raise if SMN gets the WiFi approval.
You also could be right in the share price can be higher, say $1.50.
Using basic mathematics from a business perspective, SMN will likely go for a 15 to 20 million share issue.
15 million shares @$1.00 = $15Million dollars
20 million shares @1.00= $20 Million dollars.
15 million shares @1.50 = $22.5 Million dollars.
20 million shares @1.50 = $30 million dollars.
You are correct in the ratio will change, as the share price will be higher and the number of shares issued is diminished due to price being higher.
Its a win win for SMN as a business. The money raise is very much higher in value needed for business expansion.
Opti
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