Ohhhhh! That's a really mature response. Every time you fools don't have a legitimate response because YOU ARE WRONG you result to pure childish! And you're talking about 1st grade semantics? ROFLMAO. Look in the mirror Peter South.
Didn't they do the last few offerings above the NAV? And besides, I couldn't care less about a percentage here or there when I think silver should be above $100 by now with all the cr&p going on at the banker/fed level. I bet whatever dilution you can spout off about PSLV is a lot less than the dilution in the dollar and or your typical company run by a bunch of sociopaths issuing themselves millions of stock options at shareholder expense. PSLV is tame compared to most investment vehicles.