GREY:SNIOF - Post by User
Post by
007YoungGunon Oct 06, 2015 2:45pm
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Post# 24168367
Question is how much and how soon...
Question is how much and how soon...IMO, the question to be answered, is how much equity financing (at what price) and how soon...
A convertible debenture would be ideal since there would be no immediate dilution but there's no cash flow visibility...just lots of potential. Even the Wi-Lan deal doesn't guarentee us of any cash..also, I would think that the relationship with Wi-Lan would impede SIO to issue a loan backed by the patents.
It seems to me that given the nature of risk, and equity being the highest...it is just a matter of time. I would imagine that SIO would want to raise cash until of 2016 end...meaning that would be around 2M to 3M...or 20M to 30M shares...which translates to a range of 15-20% dilution...ouch!