The R/S was intended to bring in a different type of investor. You know, the kind with deeper pockets. You shoot for a wider, bigger, investment pool on the NASDAQ.
Further dilution will come in Q-3. With the recent hires their expenses have gone up significantly and they will not wait until they are down to their last nickle to dilute. They are miles from qualifying to upgrade, under even the most lenient standards. In my opinion they have only a couple months left to recognize some significant revenue before dilution becomes essential just to stay in business.
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