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525 Posts.
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05/05/12
16:12
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beamm you can't know this for sure. They said they didn't want to... but they didn't exclude it.
Also it depends what they meant by "non-dilution".
Did they mean a percentage or a value dilution? Or both?
If someone brings 10m and receive shares representing the value he brought you suffer no "value dilution" but only a percentage dilution.
Quick google for a definition: http://www.quora.com/What-types-of-non-dilution-provisions-are-possible-for-founder-employee-stock-options
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