Dead wrong. The dilution is egregious and always has been. All one has to do is note the dramatic volume increase, which has occurred after each reverse split.
This go round, however, the company has been silent for the most part.
Put a fork in it, it is done.... which was known long before the last reverse split
Now, it's back to .0001. No bid will be next.
Folks can review my posts here, and on MTEK, going all the way back to summer 2009.