They can run the ATM till the cows come home if its for defensive purposes, in service to a change of control for a fair price. If shares are being sold At The Market just to keep the current board of directors protected, then I think we have a breach of fiduciary responsibility. I've seen circumstantial evidence pointing towards the former, and so I'm left to hope.
Is $0.65 our Cape Canaveral, or is it our Bikini Atoll? Do we have the right stuff, or are we all about to become irradiated and displaced?