Registration statements that are approved by the SEC, without question or comment, are extremely rare. I ran small public companies for the entrepreneurial arm of a big time pharma and never in 40 years received a "no comment" letter from the SEC. Today's announcement of the approved registration is a season's ticket to the traditional capital markets. Every officer and director of a small public company aspires to a "no comment" letter. They are open invitations.

Now, stock traders and stock flips who do not understand how real public companies work, will view this morning's announcement as just more dilution and trash the accomplishment.

All IMO