DB deal was one of the best financings I have ever seen. Management avoided dilution, and default, when the stock was trading at under $0.50 and the delivery of 68koz over 5 years is very small. I would have preferred a similar deal for the $30M, but equity placement at $1.00 sure beats under $0.50. The warrants are priced well out of the money. Financing was necessary and dilution has been relatively minimal IMO. Would you rather be paying 18% per annum in interest?
If you want to see a real case of heavy dilution, then please check out AUN and you may come to like our financings.
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