That's not necessarily true. Think about it. Without cash, a stock has a limited future. Fortunately, BDSI is reportedly "in the strongest financial position in its history, with approximately $30 million in cash and no long term debt.” BDSI has a positive cash flow from operations with nearly $60 million in recognized revenue for 2009. That's good for us. More would be better.
I am generally not in favor of dilution, and recognize that if it happens it will result in at least a temporary hit on the share price. However, whether it is "nice for us" depends on planned us of the money - basic operations or a deal of some kind. If cash is being pulled together for the right deal, it will be very nice for us. I will give them the benefit of the doubt until I see how this plays out.