I have to agree there. The 8-K is for protection purposes, that's obvious. As someone else said here yesterday, why dilute AFTER paying off debt and chill? Dilution would have happened prior to paying off debt. To be honest, they might be done diluting here simply because they have a o/s limit of 500m or else preferred becomes automatically converted and their share structure turns to garbage and there goes your shareholders. That's the risk.
Today's PR helped convince me of holding for longer term. Promising product I think.
I just find risk/reward here to be right where I want it.