I don't agree. Part of Managing a company is public relations and creating shareholder value. You line things up that make sense to keep the share price rising. If they had a 100 million in cash in the bank and the share price did not matter to them b/c they didn't need to raise cash that would be one thing....however, further dilution will need to occur and the higher the share price the less dilution and pain for them and us. They know when a big institution is going to be buying in or selling out. If they had bought some shares and announced a decent couple million sale, given information to seeking Alpha for a written piece to come out, while so much attention was on the company with the 11 million shares traded it would have went from .47 to .60 instead of .47 to .37. They could have raised a few million more dollars inexpensively. It's the same way they are managing the revenue recognition for this quarter to be cash flow positive.
I agree with your point. Just another example of ZBB Executive Management and BOD incompetence. These insiders will not buy stock, instead they will continue to issue options and over compensate themselves. Time for thru the bums out!