Also, as the price moves higher, the dilution reduces
Good point.
But, as it now is becoming clear that it will be months before the product is released, it is logical to assume that there new toxic notes will be written, as they most certainly don't have the funds needed going forward.
Yesterday's news, while a start, made it clear that there will be delays, and thus, coupled with ongoing dilution, it's proving to be difficult to get a rally going.