VELT is priced as if it is going out of business so don't fret over whether or not they have to issue more shares to squeeze thru the cash crunch. If they don't, it will be viewed positively that they have their house in order, if they do, it will be viewed positively that they have bought more time to let the cost cutting / etc fall to the bottom line and generate free cash flow. You need only look to see what happened during the last round of equity to see how it will perform. Any time you can remove the BK concern albeit, temporarily the market will be relieved, not angry. Anyone holding should hope they do another offering, at this point who cars about dilution when you are holding for LT sustainable wealth creation. CASH IS CASH. INHO
Aside from percentage ownership dilution, how are your shares worth less in dollar terms? As a passive investor, it doesn't matter. If you bought pre-dilution and I bought post dilution and we both own 10,000 shares at 2.00, when we sell at $20, we will both have the same profit.