Convertible note is done - pretty evident if you were watching.
Also, yes, they did dilute a lot in April/May, hence the downtrend. Check the chart, it went down to .0012.
And I'm sure there will be dilution in the future, how much? I think there will be small amounts, periodically, as with many penny stocks.
Up to investors to decide if the ratio of growth is high enough.
imo