Ann: Quarterly Activities Report, page-93

I respect other's opinions, but "grateful that our holdings have been minimally diluted" is just not a reality.
Sure, there may not have been a significant increase in the size of the registry, but the value of the company has been severely diluted both in real terms (adjusted for years of inflation) & in comparison with sector competitors.
Some would argue that the management's "tight as a fish's a#se" modus operandi has been to the sole benefit of the largest shareholder ..... but who are we to say (... just the rest of the long suffering shareholders)

All us long term, true believers are optimists, or fools, or both .... the jury is still out !
The demonstrable reality is that the good ship RWD is becalmed & the skipper doesn't seem to have a clue why (or worse still, wants it that way).