Dilution? Only if it hits the market. According to the update, it is unlikely, and if it did, its restricted, they have to wait for 6 months before they can start selling, and then they can only sell up to 1% of the outstanding shares at that time, every 3 months. No worries here, Mr. Shorter. Thats a dedicated group of shareholders willing to take the hit for the rest of us.
My broker told me that on any reverse split announcement on an OTC company this size, the shorts come in heavy to squeeze what they can out of the stock until the actual split, then leave. because at that time, its game over.
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