<<The shares of common stock covered by this prospectus were previously issued by us to the selling stockholders in a private placement that closed on December 6, 2011>>These shares have been issued previously. This allows the private investors to sell these shares publicly. Dilution occurred previously.
To the extent that the shares were simply held, and now will be traded, the effect is largely the same as "dilution" of the share price. It all depends on how the shares are sold off.
So that is already in the 25 million share float??
Thats how i see it too. But i'm no expert.
Wrong......geez, another one ignore.