Exactly and because we are talking pennies in EPS the amount of leverage the cash will provide will easily overcome the amount of dilution. Now for example to turn .01 eps instead of 648k of profit now 800k of profit will be needed due to share increase. Not a huge problem with 9MM available now to grow the business.
This amount in of it self 800k-648k ~150k will be taken care of in interest paid alone each quarter.
Great move IMO and brings attention to the stock also.