12m total shares includeing warrants is masive dilution? I'm sorry but that is a pittance regardless of the percentage of shares sold. Also 4m of those shares don't go onto the market for 6 months at the earliest, and won't be converted until the stock price is significantly higher than the exercise price.
These guys need money in the short term to deliver on their contracts. Big freakin' whoop.
it seems there are a lot of people here who don't have a lot of experience with Nasdaq stocks. Maybe I'm wrong, but all the doom and gloom is so off base as to be almost funny if it wasn't costing us. This is the time to buy anyway, remember "buy the fear?"
Also cashless warrants are pro forma.
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