I don't see anything in there that states shares can be acquired for any percentage below market price. Also, at the time of that information, only 2 investments were made totaling over 10% of the total dollar amount to be raised, one of which was on July 13th.
If you take a look at July 13th:
Date Open High Low Close Volume AdjClose
2010/07/13 0.0073 0.0077 0.0072 0.0075 2,556,750 0.0075
The stock price actually went *UP* during the "dilution".
If I'm missing something here, please, point it out.