I would research the share price at the time. QEDN was worth about 0.004 prior to the dilution and dropped to below $0.0005 due to the dilution. Kate received $119,000 and the shareholders lost most of their value.
It was devastating.
Knowledge is power. No one wants to be a dummy for not doing their homework. No one wants to be a bagholder that is forced to defend the indefensible.