Right... it would, IMO, just be plain stupid. So long as they can raise funds, it's completely unnecessary. And they don't seem to have a problem raising cash.
So yes, it's dilutive, but to my mind, a minor dilution. So my shares in the future will be worth a .25 less? Since December, we've added maybe 20m shares? Something like that?
I'm not losing any sleep over that.