Bay, not to take V6's side on this, but we had almost no revenue 6 weeks ago and it looked like we were headed to .40! It does seem to be correct that dilution is the cause for the drop in pps. It also seems that V6 and Hsmith are not against dilution they just wish it would stop.
I, for one, am comfortable with this level of dilution as long as we know that the funds being raised by the flooding of new shares is going to be used to give the DROPs the launch this kind of technology deserves!! Once the test results come back and the public begins to learn more about this technology, I believe revenues will skyrocket and we will not be worried about the dilution.
I look at the dilution as a positive to a degree. To me it means that FUSE "gets it" and wants to raise advertising, and publicity cash for the launch! Plus, I am buying more shares today and love a price under .10 when I am buying!