The dilution will be at least 40 percent given a $15 mil private placement. I will show you...

This is including shares and warrants and a guess price of 1.40 for the PP

10 million more shares...5 million warrants...

37 mill outstanding...new share count at least 51 million...plus what warrants and options are already out there.

That adds up to over a 40 percent dilution. eg 15 divided by 37 equals 41 percent

We will be higher than 51 million shares O/S.

Hope this helps your realization