Mastery card
I can explain Fully Diluted
Ownership counted as if all options and convertibles became shares.
Fully diluted share count includes issued shares plus all outstanding options, warrants, and convertible instruments as if converted/exercised.
Sticky trick
Always ask ‘percent on a fully diluted basis’.
Take into the room
In plain English, what is Fully Diluted?
Or open the share card 🧫
Or start your own 5-word trail from home.