SHAD- I disagree that a R/S would lure in new investors IF DM is still converting debt to shares at the pro-rated 8 cent level. THAT is THE problem with ALL investors- why buy a 40 cent share today that comes with debt that will turn that 40 cents into 20 cents....that is it in a nutshell re: SP decay.
Now if the serial dilution stops at a low low low 8 cent level, well, the SP can handle some dilution from time to time.