There could be a dozen different correct responses to that. I mean the answer is going to be pure speculation. I'm less concerned with 'why' right now and more concerned with 'what'. I'd rather pin down what happened and then I can move on to why it happened.
If it was dilution, As just one possible scenario in reference to your post.
A) The revenue is still not enough to cover the debt, much of last quarters revenue was from a 1 time thing that will not be included in Q2
B)Ditto
C)Ditto
D)They lost the law suit / need more money upfront in legal fees / need money for an appeal
E)Have not seen a penny from this deal and probably won't for at least another quarter
Maybe KK wants a big bonus for all his hard work, who knows... I certainly do not. I don't really care to keep guessing either. I'd rather look at what I saw happen and figure out what has taken place. There are reasons why dilution could have occurred, but I'm still stuck on 'what' happened.
I'm not convinced it was dilution either, I'm simply reviewing the facts and trying to make sense of them. If it was dilution, I would suspect there would be less shares on the bid right now, because selling a billion off didn't seem to dent the demand all that badly. But if I had to lean one way or the other, I would lean toward the dilution side because the factual pieces of the puzzle we have right now don't connect for a buyback in my opinion.
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