There is no doubt about dilution. More over, the

There is no doubt about dilution. More over, the most significant one, that is the Series E, happened between Jan 04 to Jan 08. The reason the recent series H offerings are converting at 0.349 (even though the stock price was at 0.57) is because that is the price at which the Series E Preferred Stock was converted into common stock.

Now I am encouraged that the recent financing are small in amount and seem to be bridge loans. I take it as a sign that something substantial is in the works