Exactly, based on a formal product valuation the share price would be 5fold higher with any capable mgmt. But these guys fail year after year to deliver any usable result. The only visible “result” of these guys are these dilutions to bolster their salary increases.
These dumb talkers are EPCT’s only problem, nothing else. The fact that they event do not activate money from existing license agreements has a fishy smell. Kick out these morons and the share price problem is solved.