The BRY acquisition is to be funded with stock in LNCO. The LNCO stock to be used will be newly issues shares, or more accurately, a secondary issue. Each LNCO share will be backed by a share in LINE. LINE will have a secondary issue to provide these shares. This has been public knowledge since the BRY acquisition was announced. It was explained by LINE mgt at the time of the announcement. This diluted the number of shares but not necessarily the value of shares. LINE/LNCO is will be valued on LINE + BRY valuation after the acquisition.