RE: hrattleaccording to his logic, CUU should give the project away since it will then have no dilution. he has got it backward by giving away the project for less dilution.
let say if CUU was given a choice to buy the biggest gold mine for 500M, and if the bank refuse to loan the fund, should CUU refuse the offer because of dilution?
dilution is good if the intrinsic value/share go up (ie, progression with projects). it is a necessary evil.
it is only no good if it is for "general and admin expenses".