I pulled the plug and sold most of my shares
That was good. I've been in twice before and and taken profits each time. Last times bought at an average of $0.637, including friction) and sold at $0.7271, including friction, for +14%.
Bought some more during the the March-April high period at $1.028, friction included, and sold at $1.122, friction included, for +9.14%.
This time I'm holding a core and have some trading blocks. Unlike the prior trades, which encompassed a couple of months and less than a week respectively, my core will be long-term and my trading blocks will be a couple of months.
These low prices might hold for a while, but I'm not as pessimistic as you about the price range when issuance occurs. With only 85M shares out (a little high, but not too bad for a late-stage R & D, IMO) and only $18M new issuance authorized (without additional board approval for the additional $10M tranche), I don't see an R/S as likely soon, if Tom Granville is able to keep his word and avoid issuance until share price is in a much higher range.
I believe he can keep his word. In that case, we might see only ... ~15M shares issued in the first tranche? That would leave us at ~100M shares, again no need for an R/S IMO.
If the issuance is done at both hgiher prices and known-good orders for some important volume work with some customers, the issuance may not be perceived as dilutive, but as accretive. E.g., if orders come that justify additional manufacturing lines that will start returning more tha their cost upon start-up.
MHO,
Bill
News 
Market Data 
Discover 
