Not all of the money from dilution was wasted by Dean, a good portion of it was loaned to potential acquisitions. Now, a good question is what happens now with those loans? Do they still want to be acquired post merger, to avoid paying back the loan? Do they pay back the loan? A good example is mindseeker, 2mm lent to them, and it seems post merger they may still want to deal.
Lots of stuff going on in the background.