Patriot Energy Corporation (PGYC)

[Prove It2]

They can dilute as much as they want, the buyout is a price per share. You could have 500 million shares that it wouldn't make a difference to the investors. The big difference lies with the buyer. So if they buy too many shares to control the company, the company can fight back and issue more shares within their allocation of 1 billion which will defeat the purpose for the buyer. If I were the buyer, I would buy enough to reduce my buying price but not enough to take control and trigger a counter offensive.