Company is not diluting and I believe it will not for a very long time or may be never! I will defer to people who have been in touch with the CEO.
Please feel free to read the posts from the past on this board and go through PRs. We are currently at a stage where our first PBR (a.k.a Photo Bio-Reactor) is setup for testing and it is going to be tested TODAY. National Algae Association (NAA)(http://www.nationalalgaeassociation.com/) would witness it. Ibox has some great pics and chart to look at.
Please feel free to throw any questions that you may have about this company on this board.