Interesting take. Most people will say that when the share structure is increased that is makes your shares worth less. This is especially true when companies use the additional stock for offerings and/ or convertible notes and/ or bonuses. Broadly, any action that bloats the O/S with Restricted Shares that will either be converted with shares or cash. That's the Investors' equity being diverted from them. And, that is in fact dilution. The best Poison Pill is if Investors get more shares or dividends in the event of a takeover. As for the tacked on R/S, it's just a way to temporarily and artificially inflate the share price. Best used to Uplist. But, only if share price rises and continues to rise after the R/S. This fails in 95% or more of R/Ss. Shorts love R/Ss because the price is nearly guaranteed to drop. Many bad companies will just have a non-binding vote for each. And, that means it doesn't matter if Investors vote "No". It's going to happen anyway.
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