since the math seems so hard for some folks, FYI:
using a hypothetical 5B shares,
our 'worthless' 1% of as it stands => 1,500,000$
is the same as 5,000,000,000 shares * 0.0003
is the same as 50,000,000 shares * 0.03
is the same as 5,000,000 shares * 0.30
R/S doesn't change anything unless shares are issued after the R/S.