I have been a shareholder for some time, and one of the most impressive things about this company has been the lack of dilution. It has (as of its last 10-Q) about 11 million shares outstanding, and I believe this number has been static for a few years. I don't believe there are any warrants, convertible loans or convertible preferred stock, which most microcap companies have in spades. Convertibles, of course, act as a cap on the stock price, because as the price rises, more convertibles are "in the money," which can cause massive dilution of the common stock.
Although AFBG hasn't done much over the years, management has avoided the temptation of doing any of these types of financings to keep the company afloat, and I think that is paying off now, with a low float and no dilutive securities out there.
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