Hey Goodlive
I like your optimistic view of the company, but you should look more closely and the most recent filing. You are correct, as of right now, there are 35.9 million shares. However, as a result of the new equity financing the company received, the new outstanding amount will become 83.4 million + 15 million for the employee stock plan. Read the SEC report one more time and you will see this. This is why they are asking to increase the share count to 125 million.
I don't like the dilution, but it's definitely real and we can't do anything about it. All I know is that a 100 million shares is a lot!