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Thursday, August 21, 2014 11:02:31 AM
Here are the numbers for anyone else who wants to do the math:
From TDCP's last 3 10Q's/10K:
March 26: 326,828,576
May 12: 353,684,566
Aug 14: 409,369,764
To be fair I calculated the dilution rate per day from March 26 to May 12 and from May 12 to Aug 14. Result: 571,404 shares issued per day for the first period (an average obviously) and 592,397 shares per day for the second period. That is an increase of about 4% more shares issued per day during the second period.
Let's see if they can reduce dilution from Aug 14 to their next 10-Q in November. I doubt seriously if they either can or will. - jmho
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