ERHC Energy Inc (ERHE)

[manuel06]

question
At 300,000 shares how am I diluted (without a reverse split) if I am just relying on SP increase?
so without buying another 96,000 shares @.075 or spending another 7200.00, and the price goes up to say 0.22. I did the math and my cost base will only go down, but still I'm over double the .22 cents of appreciation.I know I will have more shares relative to the overall shares outstanding if I participate in the rights offering but I will be happy to see SP appreciation steadily upwards.How am I really diluted if the share price climbs above my base point?
thanks