Here is what we know:
As of the the last 10Q (9/30/12), the company had 786,095,129 shares outstanding of the 800,000,000 they had authorized.
After this purchase agreement is executed in full, the company will have 1,186,095,129 shares issued. This represents over a 50% dilution to the stock.
I do find it strange that the purchase requires the authorized shares to increase to 2.5 billion. They will have close to 1.3 billion in additional shares that they can sell to investors. That will be severe dilution if (when) that occurs.
Having said all that, I think this is good news. It had to be done and they found someone willing to take a risk (calculated probably with hedging of course).
Good luck to them and to you all.