With the quarterly dilution that begins in 6 months at some price level, what is the appropriate market cap of the company if it has a sub or two capitalized and the parent funded with $5m at little to no dilution through reg A+? $4 is a billion dollar valuation. That does seem slim. A $250m valutation seems much more reasonable and if we have controlled dilution at that valuation, which is still 25x from here, you'll hardly be able to call it dilution.

I am still a believer that we can line up $5m via reg A+, not how a retail firm would, but via other means and that parties have aligned their interests to still make a gain from the arbitrage.

And we will see if we can get a quick flip start to elto. End of year dilution as arranged at this moment is devestating without substantial market cap appreciation.

Still stands to reason, to me, that if chan, or whoever has substantial stakes just gave the company $5m-$10m, whatever amount for essentially free via reg a+ valuation, his 72 million shares could go from being worth $3m to worth $72m+ if he knew there was a liquid market on the other side. This can all be arranged amongst sophisticated parties. But there will always be opposing interests willing to make sure that doesn't happen and willing to pay to make it so. It may even become a morally persuasive argument to our more sophisticated investors to have this plan that benefits retail investors fail so that the assets end up in more capable hands.