It isn't about needing money to get started. Stop trying to distract, please. The dilution is beyond that. The debt is beyond simple debt. Couple debt and dilution with a 2-3 month long whopper and it equals lost trust that won't be easily earned back...IMHO. He would think the same of anyone I'm sure....So what's the gripe? Trust is trust. Lose it and it takes work to restablish it again. Successful revenue production is as the only way to earn it back at this point....and there hasn't yet been any of that to amount to a hill o' beans.
Best post I have read on this board in a long time. PEII is doing what a ton of companies do to move ahead. Short term pressure on PPS but those who believe in strategy and hold could be rewarded when the production goes up significantly.