From my perspective at current SP of say .65 the new shares are 3.57% dilutive, however it saves approximately $82,000 in interest and takes the debt off the table. Why the move though?

Current Shares 86,920,000

New shares 3,740,741 = 4.3% dillution at SP of .54 however, SP is at approx .65 which equates to 3.57% dillution eliminating $82,000 in interest at 8% on $2,020,000.

So..83% (.54\.65) of 3,740741 =3,104,185 shares equivalent, less $82,000 (interest) worth of shares=82,000\.65 (126153 shares)= a true cost of 2,978,031shares equals an actual dillution of 3.42 % after interest savings

Note : I am not an accountant ,simply using the numbers given .If they are incorrect or should be calculated in a different manor I appologize.