just like to add: To me it makes a strange picture if a CEO states at december 2014 that dilution is not question - and in january 2015 - 4 weeks later - he dilutes nearly 150%. This,sorry, for me, is the worst a CEO can do!
I think that the only way a CEO would put himself in this position is if he had no choice. Perhaps he had funding lined up which fell through and was forced to play his hand. Its a given that dilution at this share price is not optimal so I am sure he had little choice