Yeah except there’s a difference between “there’s no dilution” and “the O/S hasn’t been updated for 3 weeks.” Probably at least 100m shares worth of difference. Do yourself a favor, look at the last 10q, total up all the convertible notes outstanding, factor in the notion that he’s still taking them out like crazy, then have some fun figuring out how many shares all of these convertibles will become...and don’t forget the SBA loans he took out to pay for the defaulted convertibles from a few years ago. He’ll have to pay those back at some point and you can bet the shareholders will be on the hook somehow for those as well. Make sure you use a calculator that will add/multiply into the tens of billions.
Have fun