This is happening because Mr. Ballas is giving shares away. The problem is, investors do not know who is getting the shares or whether they are convertible related. On the last FINS,I believe debt increased yet more shares were being converted without any mention of when it would stop. The dilution is prevalent, so investors are staying on the sideline.
Mr. Ballas is aware of this yet instead of working with investors, he asked that they sell their shares if they do not like the way he is navigating the ship. Even a blind man would do a better job than Ballas as far as considering shareholders value. To him shareholders are not important yet they keep converting the shares. SMH