Having shares hit the public market and increasing the float is absolutely not dilution! Increasing the public float is not a bad thing for stocks with such a small tightly held float. A large float serves to major purposes.
1. It smooths out the extreme volatility. 2. It provides liquidity. I there are at least a few people on this board who would have a hard time liquidating all their shares at once because of the relatively low volume.
Dilution by definition is the expansion of the outstanding share count and thus the lessening of share holders existing value.
Because no new shares have been created, existing share holder value is not affected.
T/A-wise: DPDW is in a strong downtrend, which will probably last many months. There are supports along the way (0.90, 0.80, 0.60), but the "selling volume" was very strong in December, and the stock is now under the EMA20 on the weekly - which has been its rock-solid support for the last 9 months (now broken).
I've always found this play fascinating. This is literally 1 of 100,000 stocks that managed to keep going up from Jan to Nov.2007 without a pause. The final move from 0.60 to $2.40 was what the build-up was all about - and all of you should have been out above $2, high-fiving each other for a job well done. Instead, I remember everyone here calling for imminent $5.
I thought to myself...geez...why the greed? Take your $2.40 and run...go to Bahamas. Spend time with the wife. Wait for the inevitable crash and reload much more shares for much less $$.
DPDW was also the poster-child for "fundamentals beats technical analysis". So very wrong. Fundamentals got you to hold up to $2.40, but technical analysis would have allowed you to keep ALL your profits (and have triple the DPDW shares now, if you re-bought last week at 0.80).
Not putting salt in the wounds. But it shows that falling in love with any stock, even one as good as DPDW, can still be deadly. Now you're stuck. Too afraid to sell (what if it rebounds), yet unhappy to hold (why does it keep going down)?
Hoping..that it'll just turn around and start going up again, regardless of the 5 million shares that were sold around $1.10-$1.20, which will now form a brick wall resistance to any rebound.
Been down that road before...and it usually doesn't end well.
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