Ann: Successful completion of capital raise, page-38

this is interesting, to follow up on your logic @Bigtuna87 if the owners create more shares which trade at a lower value they can still achieve the $bn valuation, just with a greater volume of shares? would the owners not be in the same boat? Say the 2x founders own ~20% each their shares would also be impacted in the same way... or am I missing something? really interested in the logic behind the point that founders could achieve $bn valuation whilst leaving the retail investors down at 0.35.... surely to reach $1bn all shares would have to be at $1.62?