Float does NOT define DILUTION ----- OS does.
Shares outstanding 54,200,000 a/o Mar 31, 2010
Shares outstanding 54,200,000 a/o Sept 30, 2010
Shares Outstanding 222,450,581 a/o Oct 21, 2010
Looks like 168,250,581 shares were ADDED to the OS in the last 2 months.
That's a ton of DILUTION.