Song, I believe you are correct.
Diluted shares are often issued to a third party (e.g. a financier) at 'par' value (i.e. 0.001 or 0.0001). Hence, for issuing 500,000,000 shares into the market (which it appears may happen here, as per the A/S increase from 1.5 billion to 2 billion) SPZI may only receive $500,000 or $50,000 (depending on what the contract, i.e. 0.001 or 0.0001).
I am hoping that they only need $500,000 to get them by until a) XXIS can make good on their payments, and/or b) STv2 is launched to the retail division. Otherwise, we may see another A/S increase to 2.5 billion. Fingers crossed that this will not happen.