I-have-to-hand-it-to-you. It appears you-are right as seen here.
Seems like serious dilution to me. The AS increased more than 150% and OS by almost 100% since I took this screenshot on 6/26/20 as you can see by the time stamp at bottom right. Wow! That's a lot!
You spend a good amount of time on this board and one would have to ask why? It's a rhetorical question not needing a response, because I already know the answer ;)
This pic is part of my due diligence which many are unwilling or fail to do.