The float is too small and in order to get more mutual funds and more funds involved, more shares need to be there. Just because of the issuance of more shares doesn't mean this will go down. I think the perception of the shares going down is what has made it slide, but once the new shares are issued, I think it will jump up and continue its upward momentum.
This is the most important point at this time. I think with over 12% shares short, this should be going up to the upside very fast. I have a feeling they are manipulating it to accumulate shares. $100+ very possible in a couple of months.