From Today's C.E.O. blog:
The Board of Directors and Management are now working closely together to improve the corporate governance at the Board and management levels, as well as the financial controls within the Company, in order to meet the requirements of a national stock exchange listing. We expect to take concrete steps in this direction in the coming months that will be communicated to the marketplace.
In closing, we continue to make progress in advancing our programs forward, we have the capital resources to weather significant risk in the capital markets, we believe that if we execute on our plans we could be in a position to up-list to a national exchange without the need to raise additional capital, and the Board of Directors and management are working to position the Company for this important corporate milestone. We are continually looking for ways to improve our company and intend to maintain an open dialogue with our shareholders as we move forward in our mission.
If that were the case why dilute the stock here if you are expecting partnerships, monies etc., to be coming in?
P.S. Believe you me - I have my daughters' college funds all tied here, but the overall dilution does not please me. If money was going to be coming in, they wouldn't have to dilute at ALL....