You are forgetting one of the most important points, that has not been mentioned in a while. Cornell still has yet to be paid. They still own a pretty sizable amount of prefferd shares. That i imagine they are iching to get rid of. So a R/S and an A/S Incress makes perfect sense.
We currently have 2 Billion shares outstanding. A suitable amount for a company our size would be 20 Million. You do the math. This is what some potential investors have told us.