While you can debate the effect that dilution is h

While you can debate the effect that dilution is having on the share price, you cannot debate whether or not it is occurring at a significant rate. We have already nearly tripled the outstanding share count since the reverse split, when it stood around 7.5 million.

From the Gemini filing Dec 29:
Therefore, in accordance with the Ownership Limitation, based upon 18,858,196 shares of Common Stock outstanding as of the date hereof, each of the Reporting Persons beneficially owns 1,905,601 shares of Common Stock and disclaims beneficial ownership of 818,210 shares of Common Stock issuable conversion of the Preferred Shares and exercise of the Warrant

The latest filing:
The number of shares of common stock to be outstanding after this offering as reflected in the table above is based on the actual number of shares outstanding at January 6, 2016, which was 21,177,353, and does not include, as of that date:

● 1,195,275 shares of common stock issuable upon the exercise of outstanding options, with a weighted average exercise price of $4.79 per share;

● 302,891 shares of common stock issuable upon the issuance of outstanding warrants, with a weighted average exercise price of $3.41 per share;

● 5,000 shares of common stock issuable upon the conversion of 750,000 shares of Series C convertible preferred stock, 4,570,000 shares of common stock issuable upon the conversion of 9,140 shares of Series E Convertible Preferred Stock and 8,233,981 shares of common stock issuable upon the conversion of 2,875.306 shares of Series H Convertible Preferred Stock assuming a conversion price of $0.3492 per share;

● 1,325,809 shares of common stock reserved for future issuance under our option plans;

● all of the shares of common stock issuable upon conversion of the Senior Secured Notes

● all of the shares of common stock issuable upon exercise of the PP Warrant;

● all of the shares of common stock issuable upon exercise of the RD Warrant; and

● 58,438 shares of common stock issuable upon exercise of the Warrants to be issued in this offering.

We have gone from 18,858,196 to 21,177,353 shares in just over a weeks time. And you can see the millions of shares that remain to be factored in, which will take us well over the previous 35 million authorized shares, recently increased to 150 million authorized shares. Again, anybody can speculate what effect this dilution is having on the share price, but to deny it is happening is denying reality.