"The point is that LT holders have been diluted through the...

"The point is that LT holders have been diluted through the proverbial behind already,"

Pure and simple the market cap is $11million.

$110m = 6cents
$220m = 12 cents
$370m - 20cents

"so to make a decent profit we'll need an unrealistically high MC."

Thats a ridiculous comment, as it is the same for any stock you buy!

If they make a find the stock will be adjusted and valued accordingly, not because the amount of shares on issue.

Cheers