Silly goose i'm a guy :) I'll admit you have predicted some of what has happened here. At the same time many of your comments consist of only possible outcomes. Yes there has been dilution but we don't know the reasoning.
When you state its being diluted for Peacock to buy new cars and or that he is going to R/S this is only opinion. Everyone has the right to their opinion. I feel differently about the matter. I think something big is brewing. GGII has new management and some good plans for future development. I believe the dilution is merly to raise funds for a merger or possibly to pay off the new management.
In my opinion GGII is looking to merge and follow suit with a name change and further plans of growth. The merger deal that was in the works is not in anyway dead as of yet. These things take time and I feel something is brewing here!