techisbest, unfortunately the progress appears only to have kept even with the dilution. You should also consider, the more irons in the fire, the more dilution required. The money from HQ and DOE did little to stem the dilution. If I see the dilution end, that will be my buy point. Being able to get the grants does say a lot for management, but grants alone do not make a successful business. I think AGES found that out.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.