sting shareholders was diluted. If the additional capital generated was used in a productive manner, the action would have been consistent with several of the corporate objectives. If the additional capital was not used productively, however, the action would have been inconsistent with these same corporate objectives. The dilution of the investment position of existing shareholders would require a substantial increase in earnings per share and per share values for this action to be considered acceptable from their perspective. This action relatively was one of the more important steps in the development of DMC as a corporate entity
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