The proposed use of proceeds is very broad: working capital, sales and marketing activities, product development, general and administrative matters and capital expenditures. Almost as important is eliminating the company's Class A and Class B common shares for a single class of common and performing a reverse split in order to hit the $3-per-share threshold set by NASDAQ. Currently, there are 750 million shares authorized, not worth a heck of a lot for a single share. SilverSun is proposing a reverse split ranging from 20-to-1 to 35-to-1 to get under a 75 million authorized share minimum. The company's board has the authority to pick the ratio. No Class B shares have ever been issued. Class A shares are currently traded on OTC Bulletin Board for 24 cents per share which is toward the high end of a 52-week range of 6-cents per share to 30-cents per share. The existing voting power is fairly concentrated with CEO Mark Meller holding 76 percent of the voting power through his ownership of Class A Common and voting rights granted to Series B Preferred shares.