Ann: First Full Home Structure Built with Hadrian X, page-197

No problem with dilusion personally, it’s all part of the spec game we’re in. Sit and hold can be a great strategy but if you believe in management, the coy’s space, product and general macro factors AND were a serious investor with ongoing income, you’d be disingenuous to not top up during the development curve. Dilusion if done well also leads to greater awareness and liquidity, no problem with that and too be where we are currently with circa 1.1b SOI feels fine to me. 

We’re not buying ‘risk free’ bank shares here with 5% annual growth ceilings are we.