I could be wrong, but I think the reverse split, or "stock consolidation" as they called it, was done to get the stock to a point that made it attractive for the Nasdaq listing.
The dilution will be ongoing.
They are burning a ton of cash and not making any material sales.
But hey, no debt.
Not sure the NO DEBT, is a good thing.
If the story is so good, is the investor better off being diluted as the company raises money, or if the company pays interest?
Interest rates are low.
The one down side to debt is the potential of foreclosure I guess.
Management cant grant themselves a heap of options and get control back if the bank forecloses.
Damn those bankers with their covenants!!
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