Well if the "dilution" is being used to pay for company advancement I can deal. If it's true dilution, that sucks.
I watched FIT$ get "diluted" to all hell and people screaming sell sell sell. 7 mos later the company went from trips and is holding multipennies.
So dilution could be the cash advances for new product development. And yes I know it can also be for his trips, flights, and CES tickets.
Clark seemed very passionate about the app, but has seemed to lose interest. If the app was even under review I would expect a screen shot like he did for ipoint. That makes me think there really is an App and it's just not coming together. If there was no app and it was all a scam they could just photoshop together a new "screenshot".
Again, as a long.. I'd be very direct and pressuring if there was a board and I was sitting on it. More transparency even on bad news is good to me.