I emailed the company, and was told that they are NOT diluting the stock. Here is the response I got.. and the reason for the continued downtrend.
On Wed, Jun 9, 2010 at 1:49 PM, Daniel Mendonca <daniel@amerilithium.com> wrote: Mark,
In regards to your email sent today, we as a company are not diluting our stock. Although, there has been a large short interest out there recently. I agree that the movement in the market has been suspicious and I continue to look into it each day.
Daniel Mendonca Manager of IR and Communications O: 1-877-890-1650 Daniel@amerilithium.com www.amerilithium.com