RE: re re meeting delayedherbacious, my point is why give these two "high profile" strategic investors control over half the company on a fully diluted basis?
That is rather risky IMO, and why at such a discount. SMY was trying for a non-brokered financing in Sept. and had to amend the FT price twice lowering from 60 to 50 cents, now they are giving away over half the company at 45 cents.
Sorry, but usually when a "high profile" entity wants such a big piece of a good company they usually pay a premium.
Curious as to why it isn't the case here. I don't like the way the deal is being structured, and it should be concerning to other shareholders as well IMHO.