It seems like EEDG management has done a fantastic job of maintaining a quality share structure. But since you post the dilution boogeyman, it will probably happen starting Monday. Well at least the postings about the dilution will probably begin.
The Company has scheduled a 30min podcast for 9AM Tuesday, June 12th. Dr. Benjamin Chavis, Frank Campanaro and Robert Holdsworth will spend the half hour interacting with all interested parties. A "merger update" will be provided including details regarding the 100% non-dilutive structure of the deal.
I guess you are in the camp as to not believing the "non-dilutive" structure of the deal.
btw, are you doing your dd to see if you want to invest here, or something else?