I agree, they have a credit line, plus the assumption is they are starting to have good revenues coming in. If they need more funds to expand, I would think they could increase their credit line or get more credit if they are 'confident' in their products success instead of punishing the shareholders who have been loyal by continuing to dilute their shares. All this is my person opinion. Not too happy right now.
As I said, I am not selling, but am not buying another share until I understand what is going on and assurances no more dilutions and no possibility of a reverse split.
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