Pluristem Therapeutics Inc (PSTI)

[jp7204]

PSTI Stock Histo1995- Stock Split- 2 for 1 (good)
1999- Reverse Split- 1/3- (Bad)
2004 (Oct)- Stock Offering 42,500 shares
2005 (Dec.) Stock Offering- 60,000 shares
2007- Reverse Split 200 for 1- (Really Bad)
2009 (October)- Warranties issued 2,700,000 shares and another 1 million?
2010 (October)- Private Offering $5,000,000
2012 (Sept.)- 8,000,000 shares at $4.00 a share
2016- Japan Deal $11,000,000- Failed
2016- China Equity Investment- Failed

Is this the reason PSTI has little movement? Still no product, but boatloads of shares offered (dilution) and the reverse splits? ry