Dilution post-split would make no sense without the valuation. The notice of the valuation happened at the same time as the split...therefore it would make no sense that any of the short investors would believe in a dilution prior to the valuation.
And, the answer to your question is...YES they will need to. There is no way they will raise the kind of capital that the company needs with a 100k float. Even if the stock is valued at 10 dollars per share, that is still only a million dollars worth of capital...chump change to most companies.
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