There's no doubt that at some point in the near future the Company will have to look at some form of additional financing. This should not come as a surprise to anyone who has read the recent filings and neither should it come as a shock. Additionally, the recent Shareholder vote overwhelmingly approved the increase in Authorized Shares -- part of which it was publicly stated were going to be used to support the Company w/additional financing in the near term.
They have been ultra-conservative w/their placements in the past and none have had a major dilutive effect on the stock -- based on their past record, I have little reason to doubt that they will treat any future placements with the same care.
Another thing to keep in mind is that, those shares are subject to Rules 144/145, which means they cannot hit the street for a minimum of 1-2 years. I don't know how many shares they might consider for some sort of private placement. But, if we were to figure on "high side" and guesstimate it to be around 3 million shares, those numbers alone are not threatening to the float, and constitute little in terms of dilution.
regards,
gktignol
