Well your point about dilution is well taken, and with the TA ungagged, shouldn't be hard to verify.
But why is this necessarily a bad thing. The CEO has outlined some short and long term goals, is recruiting appropriate management, and as such, needs funds. The company isn't profitable at this point so how else is he going to raise the cash?
Yes, it's unfortunate that the prices tumbled, and it's scary in pennyland when that happens. I guess it's a matter if you believe in the company. A hard belief to hold in a subpenny, I admit.
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