You’re both wrong.
Pretend you are the top shareholder with 250m shares.
Before CR, if Google made an offer for $10 billion, how much would you get?
After CR and 125m more shares on offer, how much you get?
Answer, a lot less due to dilution.
Dilution costs money.
With our tiny amount of shares we don’t notice but it costs money.
Ann: Trading Halt, page-43
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