Yes it is dilution. Call the T/A. Count is rising. That last reload really slowed things down. Should see an afternoon spurt as the word spreads.
Dilutors
If you have been trading penny stocks for some time, you’ve probably heard the term “dilution” thrown around quite a bit. Dilution hinders a stock from running and can push the price down as well. Dilution is most noticeable when a market maker shows a certain amount of shares at a specific price, but sells much more than the amount shown (soaking up size). For example, VFIN may be showing 10,000 shares for sale but actually selling hundreds of thousands. When I see a market maker who is infamous for dilution on a level 2 screen, it is a red flag. Frequent dilutors include but are not limited to VFIN, VNDM, PERT, and VERT. I view dilution on a level 2 screen the same way I view a resistance level on a chart; price levels that will be hard to break.
I DOUBT ANY RETAIL HOLDER HAD THAT MANY SHARES TO SELL. Its confirmed the diluted at least 2.4 billion just in third quarter, and I would guess that at least another 1/2 to 3/4 more during last month and a half. That part is my opinion, the first part is a FACT