Petron Energy II Inc (fka PEII)

[JackStraw]

15 million shares have been diluted today

Again saying this means someone was issued stock and diluted the float. you are using the term incorrectly because you are implying the "dilution " was possible conversion and liquidation.


Definition of 'Dilution'

A reduction in the ownership percentage of a share of stock caused by the issuance of new stock. Dilution can also occur when holders of stock options (such as company employees) or holders of other optionable securities exercise their options. When the number of shares outstanding increases, each existing stockholder will own a smaller, or diluted, percentage of the company, making each share less valuable

You have no idea how many shares were "diluted" today. You can only see that in future filings.