DRNG has announced a share dividend program for both DRNG and NIHK shareholders. It will require the issuance of around 1/2 billion shares. Yes, I would most certainly call a nearly 20% increase in the outstanding share count a dilutive event. Unless the dilution is tied to a revenue producing/increasing event (which I don't see in the near to mid term), share value will be proportionately reduced.
The drng shareholder distribution is basically a forward split increasing the shares but directly to shareholders free. Far different then the normal ‘dilution’ to toxic lenders.
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