The authorized share increase in April, the event which took the stock from .20 to .0044, was per the terms of the debt vehicles that required 6x the fully converted shares to be authorized. That drop in stock price was an overreaction, aided by shorting. Fully diluting to 1.5 B shares, from the previous level of .20 ps assuming same market cap, would have brought the per share price to around 1 cent. DRUS wasn't diluted at the time at all, but the market reacted as if it was fully diluted and then some. So the stock price prematurely accounted for full dilution to 1.5B shares and then lost 50% more of its value after that. Now that what should have been baked in dilution is being paid for again in the stock price. So we're paying for the same dilution again and again and again because average investors don't have a historical context for how the stock got to be at June levels in the first place, and certain individuals present the convertible notes as if they're breaking news--they're not. This stock is still drastically undervalued right now (should be at least .02/.03 levels all things being equal), but shareholder confidence has taken a hit from the converted shares and shorting. We're still primed for a huge rise in stock price, as the entire float has changed hands over the past couple of months several times over well above the current price. But we'll need a catalyst, which if recent history is a precedent, will happen sooner than later. I look forward to burning shorts, and burning CDEL especially, on that day.
