Twice as many shares outstanding now as there were a mere 4 years ago
There were 350M warrants outstanding at the end of 2019. Most were converted in the intervening years. Correct me if I'm wrong but I think you are comparing shares outstanding excluding the outstanding warrants vs shares outstanding including the converted warrants. If I am right, that is a simplistic and very misleading statement. The warrant dilution already existed 4 years ago, it just wasn't counted in 'outstanding shares' until they were converted. Real dilution was far less than 100%!
Dilution is ongoing and increases with a low pps, no argument with that. But there is no call for distorting some 10% (not intented as exact) per year to 25%. The massive dilution took place when they were financing at .20 or less with 100% warrant coverage. At least they have not had to give away warrants for some years now. That makes a huge difference especially as the price is this low.
Market Data 
Markets 
AI
