@Hashimoto, you keep talking about dilution to mislead people. Let's me tell you this: total number of shares issued has zero meanings. It means nothing. It all comes down to MC. That is it!
100mil shares or 1billion shares does not give you any meanings whatsoever. It all comes down to MC (total number of shares × sp = MC). 100mil shares at $1 is the same as 1bil shares at 10c.
EN1 currently has 558mil shares. My guessimate is it will be 600mil-650 shares by the end Q3. At current share price of 3.8c, that would equal to $23mil - $25mil MC. The question is: with current growth in revenue and gross profit margin of 40% - 45%, is this MC a good investment. It is a hell yes for me.
The only dilution people should be concerned with is options. If a company that has huge number of options (equal 30% or 50% or more of total number of shares) issued or to be issued, at current sp range (4c, 5c, or 6c) then i would not be happy. EN1 currently has 40mil options at 25c excercise price and 8.3mil options (that is less than 1.5% of total current shares on issue) at 5.2c excercise price.
So, to talk about share dilution without reference to MC is irrelevant and shows a lack of ignorance and mathematical understanding of a business valuation and potential and is very misleading.
Note: i will be more than happy to see that 40mil options get excercised at 25c. Do you understand?
Geez, i start to doubt your ability to understand what i am saying here since your new mathematical discovery last night.