There has bee some dilution due to Cornell, it hasn't been serious. The reason this thing has fallen back down to .03 is because they have not followed through on anything they PR'd in late December/early January that caused it to run. We were supposed to have the resolution of the APM deal in mid-January, it totally fell apart and is no longer going to happen. We were supposed to have KSI by the end of January, that deal is still not done. Ford trials were supposed to be done by mid January, there was another delay and they are still "ongoing". Instead of being in a position to be pulling in $3.5 million per quarter as expected, we've still got nothing. The float has to be up to between 60 - 70 million shares by now looking at the last 10k, and 10Q and SB-2A. We should have another 10Q out soon to see if it's any worse.
KSI closing has been on "any day now" status for a long time, hopefully it will close soon and we'll be headed to double digits. There are supposedly LACC contracts in negotiations right now according to IR, would be nice to get a LACC deal!!
