ez ....i don't understand what you mean ...
in a f/s -- more share are created but no dilution has occurred
in a r/s less shares are created but no dilution has occurred
in a f/s i have X times as many shares as i had before but at a price divided by factor X
your explaination to the board is totally confusing ---I know this -- If I were naked short 1,000,000 shares "PRE" Oct 29th 2004 I would now 150,000,000 shares short (post dec 31st 2004
IMO - I think this may have something to do with the strategy being employed here