Our old shares got to diluted, but some of the recent ones were not hit as hard. This newest offering is in line with the last one. Buying after offerings are safer moves. We have to wait and see if there is continued buy interest. I'm waiting like you to see when to add. Any shares around the offering won't be diluted as much. But we have to see how long the funds last. I think it last until we hear on Phase iii. I also think that news about Direct will come just before or just after Phase iii. Time will tell.
There is capitulation volume turtle (3m in less than 2 hours!), today's low will probably be lowest until phase 3 results. I wish you GL for a real bad news justifying going under 40 cents so we get a test of 32 cents but it is very unlikely.