Just a year ago the CEO was saying significant profitability lay ahead. Five quarters later they sound like they have zero control over anything! No wonder they did that horrible dilution with boatload of warrants at 1.6.
Why does the CFO choose to dilute when the stock is weak? There were two dilutions one at 65c. The stock was strong above $1 for many months. But when the stock broke $1, he diluted at 65c.
This year the stock had spiked to 90c on a pump on massive volume. But he decided to dilute two months later at 15c (1.5 post split)
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