I do expect some dilution, so do most longs.
The thing is if the company continues improve q after q to the point were they have some "extra" cash ... when this company really gets going ... then I'd imagine they'd consider reversing any dilution with buybacks, especially if this stock is shorted heavily as it is today.

Cash is king.

I am being optimistic, but not unrealistic in my opinion.

Lots of work before that though.