Liquidmetal Technologies Inc (LQMT)

[mowo]

Help me with the math.

If there are 477,150,000 outstanding shares now, with a value of $0.0757 per share, that's a market capitalization of $36,120,255. If they dilute with 200,000,000 more shares, $37,850,000 market cap divided by 677,150,000 shares equates to $0.0533 per share.

How do you get a price of $0.02/share resulting from further dilution of 200,000,000 more shares outstanding?