Why has the company not been able to attract investors paying even $5 a share for a large chunk of SSH to cover the debt and provide ongoing financing of say another 25-30m. Existing holders would be diluted but at least the share price might go to $5
Issue 10m shares at $5 to raise $50m , existing shares 18m , total 28m , at $5 market cap of $140m
If no further funding coming from investors will they use the ATM or go in chapter 11.
SHC Price at posting:
2.5¢ Sentiment: None Disclosure: Held
