Never said it would amount to dilution to the O/S, they were in better hands when they were in the CTO's possession, now they will be hitting the float, and at 3c a pop, 20,000,000 shares hitting the float will hurt BCYP share price.
"You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes." -Morpheus