RE:RE:Dilution...Here's some math, Canadafan.
Let's say you own 7 million of the existing 70 million shares, valued at $1 each.. You own 10 % of the company. Your investment is worth $7 million.
Tomorrow, ONC issues 70 million new shares at $1 per share. There are now 140 million shares outstanding worth $1 per share.
You now own 5% of the company but the company is worth twice as much, so you're investment is still worth $7 million.
Right. So this is why dilution is a nothing burger.
Except for one or two small details.
First, the newly issued shares will never be at the current market price, and in ONCs history for poor management they could be issued at as much as a 25 % discount.
Second, the newly acquired money is great for a company with excellent management and an optimistic path for investment and growth. Sadly, in ONCs case it will be used for administrative expenses and will be burned without increasing shareholder value.
Very soon, you'll have 7 million out of 140 million shares and the value of the company will have increased by significantly less than double.
Existing shareholders always lose with dilution in a poorly managed company.
And ONC is a VERY POORLY managed company.