wolverine Proof of no dilution? Why do you think they state "estimated" market cap? They take the most recent o/s number available (was June 30 apparently) and multiply by the latest day's share price. It's that simple. Doesn't mean there is or isn't ongoing dilution however. JMHO
There is no assurance that Evolution will be profitable, Evolution may not be able to successfully develop, manage or market its products and services, Evolution may not be able to attract or retain qualified executives and technology personnel, Evolution’s products and services may become obsolete, government regulation may hinder Evolution’s business, and additional dilution in outstanding stock ownership may be incurred due to the issuance of more shares, warrants and stock options, or the exercise of warrants and stock options, and other risks inherent in Evolution’s businesses.
This doesn't definitively say that they are admitting dilution. It could just be a poor choice of words.