You write that a dilution warning first appeared last August. That's false. Here is a dilution warning from last May's 10-Q, when they recorded their best quarterly earnings (6.8 cents):
The sale of additional equity or convertible debt securities could result in dilution to our stockholders.
correct...they knew their company was going to fall on hard times....good luck financing via dilution now...even if they find some?...it will be on UGLY terms and the stock will get murdered....BRIG