Replies to post #56347 on SunWorks Inc (SUNWQ)

[SandridgeEnergy]

Dilution happened one day after 10-Q was filed

Dilution is defined by an increase in the number of shares outstanding.

You can see this by looking at the proxy they filed related to the annual shareholders meeting:



You can access that filing here: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11394976-1123-218679&type=sect&TabIndex=2&companyid=109162&ppu=%252fdefault.aspx%253fcompanyid%253d109162



Compare that to the share count as of May 11th. (The date of record of the filing is May 9th, but it was filed on May 11th and no dilution was disclosed in the subsequent events section of the report, as the company has always done in the past.)

This is from the most recent 10-Q, filed a week before the proxy I showed you above:



The difference is over a million shares so there was over a million new shares worth of dilution right after the filing of the quarterly report, and these filings prove it.