If their $30 million/yr revenue projection is correct, they can absorb a lot of dilution without any problem. Assuming 10% profit margin and 1 billion outstanding shares (the OS is currently around 400 million)...
$30,000,000 x 10% profit = $3 million
$3,000,000 / 1,000,000,000 shares OS = $.003/share EPS
$.003 EPS x 72 PE = $.216/share pps
Dilution is not the issue. The problem is credible proof that they can do what they say they can.
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