Writ Media Group Inc. (WRIT)

[LIKEGOLD]

Definition of 'Dilution'
A reduction in the ownership percentage of a share of stock caused by the issuance of new stock. Dilution can also occur when holders of stock options (such as company employees) or holders of other optionable securities exercise their options. When the number of shares outstanding increases, each existing stockholder will own a smaller, or diluted, percentage of the company, making each share less valuable. Dilution also reduces the value of existing shares by reducing the stock's earnings per share.

Ziggy bought the big number of outstanding shares, which he can't sell yet [I will check and make sure on that again]. When Ziggy bought in that was Dilution of the PPS. So in my opinion what is occurring now is not dilution.