Drone Guarder Inc (DRNG)

[bradenhead]

DRNG has announced a share dividend program for both DRNG and NIHK shareholders. It will require the issuance of around 1/2 billion shares. Yes, I would most certainly call a nearly 20% increase in the outstanding share count a dilutive event. Unless the dilution is tied to a revenue producing/increasing event (which I don't see in the near to mid term), share value will be proportionately reduced.