todays action, page-53

I still think that the 1-1.30 range is unduly pessimistic. For starters, shares were released at 1.30 so why would someone want to dump them for anything less than say 1.50?
With regards to capital dilution, doubling the amount of shares does not half the value of the company- the cash they raise make the company worth more at the same rate as what the shares are issued at. So if the company was worth $2 before the raise under current market conditions (remember it hit 2.40- now that was overvalued, 2 bucks was closer to the mark) it will now be worth somewhere in the middle of $1.30 and $2, lets say 1.60. But I agree that we have definately been experiencing a correction, mainly due to this raise.
Just my interpretation of the situation, for the record I'm making a nice earner daytrading them atm