It made sense when they first setup shop, especially in this new sector. However it seems they're now constantly diluting for their day to day. I'm hopeful within a month it stops, praying I'm right.
I don't think they can right now. They have to have cash to keep the lights on. Too risky for banks and most private note holders. Only option is to say "If you'll loan me $100k then I'll give you $150k worth of MYDX stock that you can sell on the open market." When that happens, then you have another 75m shares of stock floating around (which is the dilution). That's how we've gone from 200m to 500m shares outstanding.
That's my understanding of what's happening. (I haven't been around that long...please feel free to correct me if I'm wrong. A lot of you guys have a lot of experience in this....much more than me). I don't see how they can stop diluting until another revenue stream develops.
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