DilutionI am long the stock and pleased with the progress. The dilution does not concern me for several reasons. As has been stated, some of the funding will come from governments. Some will come from MRE. Anyone seriously invested in this company recognizes there will be further dilution, and you factor that into your earnings forecasts a few years out, That is standard practice. There are roughly 160 million shares O/S now, if you believe they will dilute another 20%, all you have to do is add 20% to your current position to maintain your pro rata share of the company, if that is important to you. Given that SN has roughly 11 million shares, I do not think he cares at all about these calculations for himself.
Further, I have seen nothing to indicate management would do anything other than follow the path they already taken, that is deal fairly with shareholders and build the business. The compensation levels for board and management are very fair, they are not awarding themselves excessive options , and I cannot find any private arrangements (which must be disclosed in the Annual Reports) that would raise alarms here. I think some (including me) are frustrated with a lack of IR, but I would prefer this over excessive hype and overpromises.
The Paradigm report is a dissapointment to me. His targets are so lofty that I think few will give it credence. The battery publicity in q2 will hopefully induce some other analysts to do similar work.
BR