YES! The company was paying 12K/month to "sublease" office space from Harborview--so Harborview is "compensating" themselves with common stock in ALQA for the calender year 2012 instead to getting money. They are just "draining" shareholders in a different manner, IMO, for 2012. On the one hand they were taking cash--this year they are diluting the common equity, IMO.
Please correct me if I am not understanding properly.