It would be a puzzle to me if David (and the Board in general) is unnecessarily destroying shareholders wealth with dilution, because at least in David's case with his already large holding and massive potential options conversions, he is also destroying his own wealth.
Perhaps revenue has not been generated as quickly as previously envisaged by successive CR's and ongoing funding has had to be sourced by whatever means possible.
Perhaps in order to protect the potential of the many irons in the fire, they are (and have been) also protecting the long term interests of shareholders. Perhaps, any significant SP appreciative marketing is not being done due to the nature of activity and negotiations with the various 'collaborators'. True collectively, shareholders are the OWNERS of the company, but we do not RUN it. At this stage, we may have little idea of the sum total of the problems, solutions and resultant information dissemination limitations they are confronted with. Pretty easy to be an armchair critic and offer simplistic criticism and advice, when unaware of the overall situation, especially when such is coming from a purely (perceived) vested interest perspective.
As things stand, I am prepared to stay invested and trust that they are doing their fiducial duty to the best of their ability, in consideration of the totality of the restrictions and limitations placed on them in the environment in which they are operating.
Time will tell.
As usual in such situations GO ADO.
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