Let's try that again:
LKE have a market cap 20 times larger than XTC. ~$800m vs ~$40m.
Dilution downside pales in comparison to the upside.
If we saw a 500% (5X) dilution to 20B SOI, on the way up to Lake's current valuation, you would still see a 500% (5X) increase in today's share price.
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