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And the dilution worsens as the share price declines.
Investors squealed as the share price fell by 70% in ten months.
As the share price sank, the company began to look like takeover bait.
The cut reverses a years-long pattern of regular increases, even as the share price fell.
The investors suffered massive losses as the share price plummeted after Qwest restated its earnings.
But as the share price rose, Enron's financial reports stayed opaque.
The proportion of whites rose 6 percent from 2000, as the share of blacks shrank by about the same amount.
Mr. Elliott pays that charge, as well as the share his publisher, Graywolf, takes for an e-book sale.
As the share price moves up and down, the fund adjusts its short position, a tactic known as delta hedging.
Google's long-awaited initial public stock offering confounded skeptics, as the share price jumped more than 27.4percentto to $108.31.
Asian markets have taken a pummelling overnight as the share rout which began last week hit its largest stock exchanges.
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