You may be correct. I am somewhat new to this stock and board and was not sure to what when this news hit. It appeared they had one in the fall and now another one?? I could only see that the most recent was announced yesterday.
It also appears they did this in May '09. if you look at the average trading volume around these dates you will see they are approximately halved compared to the previous pre-diluted volume. However, it does appear the stock price does recover after each dilution. I am somewhat wary they can continue to do this. That being said, I am a new long and hope the price will come back to $6 range