So investors from period (a) go from 45% -> 5% (b) from 25% to -15% (c) from 10% to -30% compared to the new base at +55% for new investment? Only earliest investors trump it by that 5% and earlier investors who make additional investment.. 9%? Please feel free to correct me if I am wrong.. which I hope I am.
If this is the case this is crazy, crazy, crazy dilution and eviserating early shareholders. Whoever thought of this did not think this through. This is common knowledge in the Wall Street world. You don't do this. This is scam levels.
Remember when Mark Zuckerberg diluted Facebook shares and he betrayed his friend who wanted to kill him?