Players Network Inc. (fka PNTV)

[lesgetrich]

Regarding your post...

In my mind any new shares, for example via scheduled warrants, which facilitated the award of marijuana licenses would be accretive and not dilutive, because of the ensuing revenues from the licenses and the value of the licenses themselves far outweighing the financing cost.

One has to be careful or just about any company expense could be defined as accretive. Generally, accretion refers to the purchase of an asset. From Investopedia...

Accretion

What is 'Accretion'

Accretion is asset and earnings growth due to business expansion, and it can occur through a company's internal growth or by way of mergers and acquisitions...

Examples of Earnings Accretion

The earnings-per-share (EPS) ratio is defined as (earnings available to common shareholders) divided by (average common shares outstanding), and accretion refers to an increase in a firm’s EPS due to an acquisition.

Assume, for example, that a firm generates $2,000,000 in available earnings for common shareholders and that 1,000,000 shares are outstanding, which results in an EPS ratio of $2. The company issues 200,000 shares to purchase a company that generates $600,000 in earnings for common shareholders. The new EPS for the combined companies is ($2,600,000 earnings) divided by (1,200,000 shares), or $2.17. Investment professionals refer to the additional earnings as accretion due to the purchase.

An increase in shares due to an accretive acquisition or investment in a new line of business which expands earnings beyond the cost of the investment is not considered to be dilutive in the sense implied by a number of posts.

Sorry for the delayed response but I'm on vacation this week.