Sure, I don't expect dilution, since the shares that the CEO has are currently locked up:
Ref. Reverse merger:
"One way the acquiring or surviving company can safeguard against the "dump" after the takeover is consummated is by requiring a lockup on the shares owned by the group from which they are purchasing the public shell. Other shareholders that have held stock as investors in the company being acquired pose no threat in a dump scenario because the number of shares they hold is not significant."
Raise? Probably issue out notes like you said and once they can dump them we will be pounded by dilution.... Hopefully everyone is out by then and doesn't absorb the blow.
News 
Market Data 
Discover 
