If there is anything that I have posted incessantly, its about the share structure and that the company, believe it or not (addressing this to the board, I fully understand anyone or everyone who bashes this statement), has the stockholders interests in hand, I really believe that. IF further dilution had occurred this summer, it would have had to be revealed. It does not mean it is still not possible, but I tend to think something more healthy is around the corner as you mention.
And I agree that while this venture has taken much longer than I had ever dreamed of (been an investor for 1.5+ years), and may extend even longer than I still dream of, I'm willing to hang in there, crazy as it seems sometimes.
For those of you on the fence, I would wait it out, but don't lose sleep over it.
I would also warn of chasing it after it has taken off a bit, but rather to get in now while it is off most peoples radar. For a couple thousand bucks you can get 10 mill shares (if they remain available) which is a probably a minor investment for most.