The only issue with your logic is that they have an A/S of 5 billion shares, per the Florida Department of State website. <a href="http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000129307&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=141CAPITAL&names_filing_type" target="_blank">http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000129307&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=141CAPITAL&names_filing_type</a>= So, they might be done diluting at the moment, since previous dilution may have yielded enough financing to cover near-term operations, but it does not preclude them from diluting further in the future.