Wow... they specifically said on record that there will be no more dilution. This is why time is of the essence when it comes to execution. I hope these are just standard statements they are forced to make.
"The Company has historically obtained, and expects to continue to obtain, its requisite additional financing primarily by way of sales of its equity, which may result in significant dilution to existing shareholders.
"Future sales of common stock or warrants, or the prospect of future sales, may depress our stock price.
"Dilution through exercise of share options could adversely affect the Company’s shareholders."