Of course it was due to financing--that's pretty much the only reason why shares go out the door. It's not that you're the only person who understands why dilution happens.
But it's still dilution. That doesn't negate the fact that the outstanding share count went up about 10x and that there are still a lot of convertible preferred waiting to further dilute.
If I understand you, you don't care at all about the constant dilution because you have full confidence that the value added from the dilution offsets the dilution itself. I'm sure all those people who sold off HMBL from $7.92/share down to $0.0009/share have it wrong and you're the only smart person who has it right. When do you think your superior intellect will start paying off?
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