Maybe. It could also mean they want you to think they have no reason to dilute. From those facts alone, I don't know. I'd have to take a look at all the available information.
I'm just saying that AS can change easily. It's a simple filing. It's quick, easy, costs very little, and no resistance. It's just a "ceiling" like the debt ceiling. It can be moved.
It's just a number I completely toss out in my valuation of companies. But you may be right. I don't know what their intent is. I just know that the AS is not concrete in any sense.
The float is also very high as you describe it. That's more than the total OS of HLIX. But when you are ready, I'd still be very curious to see the profits. If that is the case for "no dilution," I would not be able to say that's off the table. Recurring profits? One time only? I really want to look further.