RE:The Paradigm Capital calculations do not . . .All this talk of dilution is a bit misguided. Assuming any issuance of new shares dilutes existing shareholders , the only real concern is that any dilution be accompanied or proceeded by an increase in existing share price.
Shareholders get a smaller share of a more valuable enterprise and if the company is to grow, that form of dilution is pretty much a certainty that I, for one, would welcome!
Given that so far the highest price Nanoxplore has issued shares
is, I believe, significantly below current prices, or even the low reached last week, as long as future financing is reasonably determined to contribute positively to future earnings and is executed at a price determined to be above any previous financings, there is no negative effect for existing shareholders from any dilution.
The company cannot be held ransom to some arbitrary price caused by an unsustained spike in the market price.( the short lived run to $9.) The fact is that all shareholders who have participated in previous equity and convertible debt raises have been and are currently quite amply rewarded.
As to the future....Caveat Emptor toujours !