The author claims OKLO is a grift, pointing out it is doing another $1B equity offering and has now diluted roughly $5B off a $1B IPO. The mechanism is shareholder dilution: repeated equity raises with zero revenue erode per-share value while enriching the CEO. The author frames this as an ongoing pattern rather than a one-off event, implying continued downside as dilution persists. Main risk is that the author provides no valuation or timing catalyst beyond the offering itself.