The whole "very little dilution" theory makes very little sense to me. The way I see the volume, increase in pps, news, the whole package... seems to have been an excellent way of diluting the stock, and at the same time, increasing the pps for the CD holders to dump and immediately get ten times their initial investment back. Money flowed out of the stock at record speed. If there was no dilution going on and people were eating up the shares, the money flow would have increased. It did the opposite while the pps went up.