the share count of 710mm is what it is...but so is the cheap price $0.94. Its irrelevant. The company has survived and now has $45 mm in cash, full carry, and a tiny market cap.
Dilution is not bad per se, only when new shares are issued for a value less than the true value of the company. In that case shareholder value is transferred from old to new.
Have you been in the market long? A reverse split is NOT a dilution.
Dilution is when more shares are issued to the Otstanding shares.
RS are often done to bring the PPS up to a point where a penny stock can get on an exchange and be noticed by funds who have requiremnts in what they can invest their money.
The majority of funds wont look untill $5.00 share.
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