Again the issue isn't that AS tapped the ATM, the issue is that...

Again the issue isn't that AS tapped the ATM, the issue is that he gave the impression the ATM would barely be touched.

Had AS stated that he expected to use the ATM once or twice in the next 2 months to cover short term costs then I wouldn't have a problem.

AS stated up to 12 contracts by the end of calendar year, some with upfront cash payments. We only have approx 14 weeks left, why dilute with 8 weeks worth of cash unless you expect no cash inflows until then, so will we then believe 12 contracts within 6 weeks.

AS has a signed contract giving him 5mil in the next 60 days. Why in gods name did he not get some short term debt facility secured by the contractual payment to get a cheap rate, and hey they would have had 80% of the required funds with no dilution and no selling of the new shares...