Well, a few months back there probably was dilution. I don't know. But, pinks move so fast, a few months back might as well be 20 years ago. I'm talking about in recent days, maybe the past 20-30 trading days or so, there hasn't been the type of volume to indicate lots of shares were dropped.
The caveat to that is, is there or will there be enough general buying interest? If not, there could still be shares waiting to be dropped at any point in time, just hasn't been enough buyers. Generally though, if that's the case, the price gets walked down fairly quickly while MMs try to find that price that people are willing to pay and although the price has seen a type of walkdown recently, it doesn't appear to be from heavy selling pressure (dilution).
More likely boredom is the problem here. People get tired of waiting and sell off and move on to the next thing. That can be a pretty serious problem too since no one wants to buy into something that might be tough to move later on.
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