When did you see "rampant dilution" today? At one point today the ask had been hit to the tune of 73M shares with only about 200K at the bid. Granted the last several hours about 19M more were dumped at the bid but most of that was ETMM which normally is a retail E-trade account holder(s).
I watched the Level II action all day and it sure looked more like people loading up then it did the company dumping.
When the right news comes and if the company keeps pushing forward with their model to make money then this will blow wide open, IMHO.
It is just a matter of time if you ask me and I would suggest to anyone that they buy the gifts now and wait.