In my opinion, this company is doing the things a company has to do to be successful in its business... and the business performance metrics show that. However, until the dilution stops, I wouldn't invest another penny in this stock.
All that does is play directly into the hands of the financiers. There is no other reason for the PPS to be down here at this extremely low level other than by dilution coming from the financiers who hold the convertible debentures. i.e. ASC Recap and Redwood.
In my opinion, the best thing investors can do is leave this stock alone until the company either pays off their investors, or achieves profitability - so that they can pay off their investors.
Even those who are averaging down... you're just playing into the hands of the Market Makers who are selling ACS Recap and Redwood's shares. They could easily burn through most of the 1 Billion Authorized Shares, if allowed to do so. Why create the very problem we're all so concerned about?
AIMO,
PS... I plan to stay long; but, I'm not going to keep chasing the diluters down into a death spiral. This company will rebound when their business model plays out to profitability or acquisition. Until then, I'm sitting on my shares. I hope other longs will too.