There was always going to be a dilution of ownership somewhere...

There was always going to be a dilution of ownership somewhere to fund this, and it appears it's to Magnis shareholders, but would you prefer a minuscule $25m increase to MNS market cap or to lose a majority holding in a gigafactory? C4V will be the one losing % ownership here. MNS shareholders could have a majority stake in a gigafactory off $5m worth of equipment, basically free facilities and a tiny amount of debt. They obviously believe in the technology and so do their customers and that's why they are doing this all on their own hence so they can mantain ownership and control. In the long run this will be another genius move by Frank.