Form S-3 with the Securities and Exchange Commission (SEC). The shelf registration statement, when declared effective by the SEC, will allow the Company to raise up to $300 million in the aggregate through the sale of securities, which may consist of common stock, preferred stock, debt securities, warrants, and subscription rights, through one or more means of distribution and in one or more offerings.
You knuckleheads just don't understand. This is the best news in years and nobody's commenting. This is it. They are now poised to bring in a 300m profit cow. I had no idea they could do this amount without violating the NOLs.
Shouldn't be any dilution. Dilution would only occur if management exchanges the shares (assuming that's the vehicle they choose) for less than FMV. For example, if they raise $300m by selling 100m shares, that's $3 per share and the share price will jump to about $3. On the other hand, if they raise 300m by selling 900m shares, that's .30 a share and, in that case, there would be much dilution and the share price would drop to about .30 a share.
Right now, this company is nothing but a cash laden investment fund. No reason whatsoever to raise money below FMV. FMV with 900m in NOLs could be quite a nice number for SGGH.