I realize the company is basically broke.
Much like being house poor. You might own a 5 bedroom home but you can barely keep it going. Inherent value, but only if you sell.
Having made that analogy, They have many outlets to consider towards cash. This Dilution is one method. I am hoping the purpose of the dilution is to be able to pay for a large manufacturing run, to supply the demand that we don't know about.
Another aspect might be the contract with Cogmedix. Perhaps Cogmedix gets payed with each order after the money is collected. This will free up the extra cash towards an EPA application to satisfy Sterilization Status and move swiftly into that field.
They could also use some of the money from the stock price, as it rises, to trim cash towards more research.
Finally, a higher stock price affords them better value in borrowing costs to facilitate research.
If we remain, solely, as a supplier of AS machines, there is a likelihood that we will eventually go belly-up. Unless they can get the Insurance companies and OSHA on their side (which is possibly).
I still believe that the Autoclave business is the smarter route rather than miniaturization and rather than Bed Bugs. Follow the money.
