Ah yes, the COWI O/S will look great while no reduction in the A/S will leave dilution with a potentially huge ceiling.
......... DID I SAY HUGE POST RS DILUTION POTENTIAL
HUGE, HUGE, HUGE, HUGE.................
Potential is the key word here. Reality may be an altogether different thing. However, I wouldn't mind seeing some evidence of an intent to lower the A/S for some shareholder assurance. You know, might make a big difference in the most likely post RS collapse. LOL