Someone posted on the AXPW concentrator board (where I posted ZBB's development):
If you look at the ZBB prospectus they give a good illustration of JP's whiskey analogy:
"Our net tangible book value as of September 30, 2011 was $1,702,891 or $0.05 per share of common stock. Net tangible book value per share represents total tangible assets less total liabilities, divided by the number of shares of common stock outstanding. On a pro forma basis following the issuance and sale of 1,425,000 shares in this offering at the offering price of $0.7101 per share, our net tangible book value as of September 30, 2011 would have been $2,603,833, or $0.08 per share. This represents an immediate increase in net tangible book value of $0.03 per share to existing stockholders and an immediate dilution in net tangible book value of $0.63 per share to purchasers of common stock in this offering"
(the whiskey reference has to do with JP's analogy w.r.t dilution)
wtblanch, the latest round of financing implies that those in the know don't have your concerns. be happy. i often make the mistake of taking this board too seriously and those buying likely aren't reading it.