that sums up the whole article right there. usually when a ceo sells more stock, investors already have seen what they did with the initial public offering proceeds.....if they spent it frugally, wisely, and got something in return for it then they can feel good about any further fund-raising through dilution. However, if billions of shares already were sold with little or nothing to show for it, then investors should be very afraid. Finding out that berge hasn't touched the TCA financing yet, and also that there was no second deal, was very good news for shareholders. He's got $2.5 milly in firepower waiting in the wings and hasn't wasted a penny of it yet. Time for berge to bring in some seasoned pros to help with the explosion of expansion headed his way...how much longer can he do it all by himself?