How else should they raise money? How about scheduling a private placement and restricting those shares for a period of 1 year. How about mapping out a budget and living within your means. Are you to tell me they didn't know the costs associated with the casino from the building down to the very last glass and how much it would cost to launch the online product? And did they not sell enough shares via a private placement to begin with? Raising money on the backs of shareholders is acceptable if the company can explain what they're doing and why they're doing it. Then, you can make an educated decision about the strength of the company and whether you want to endure the dilution. But, at this point, I see no explaining taking place!
It appears to me this business was set up haphazardly with a loose budget and management feels they can go to the diluting well anytime they want or need to. I'm here to tell you that shareholders should not be the source of income and be the means in raising capital unless a private placement is being offered.
If you're comfortable with that, then by all means keep buying more and average down.
And be sure to turn the lights off before you check out!
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