what your forgetting first mike is that without all the dillution with csc in the past ( and other dilution - see annual reports) we would probably be in an altogether different trading pattern with altogether different prices, my example was purely that an example of what could have been a financing point for a secondary. I was not applying any dates to .25 although it has been that high, so if you are applying certain dates to what the stock price was you missed the point of my example and are taking it out of context.
don't bring up "unnecessary dillution" what do you call 10 million for a newsletter promo and 20 for idle ir you could have done my .25 example five times for that many shares