You deride Swedes because English is their second language, when you want to ask a CEO what dilution is?
Why not follow up with, "what is the process when your revenues add $1M?, or what is income?"
As a side note, many here call new share issuance "dilution" while they also say the new shares add to eps. So, yes dilutive to shareholders' percentage interest in the company, but accretive to the economic worth of the same shareholders' interests. So, I think share issuance is the better term.
It's widely acknowledged that shares hitting the market is the problem, not effect on earnings. I too was very disappointed in the magnitude of new shares to be added. But at least this time there are factors and potential factors to mitigate or eliminate the dumping effect, and/or to mitigate or eliminate the need to put the shares in the hands of short term sellers.
Time will tell. Won't have this problem in 2014.