Cooky --- It was Done during March to May, 46m shares, total of $1,200,000.00. That was dilution as Gump and many others complained about. But this is a way to keep the company moving forward, no big deal. Almost every company does that.
Dilution on the way you ask. Would you rather them close shop and call it quits? With no revenues, and inability to raise private funding, how else are they supposed to raise money? If it takes dilution to drill bring it. One decent hit on one of their many properties will be well worth it.