My issue is that they do not state who or why they are issuing...

My issue is that they do not state who or why they are issuing these shares to.

This simply instills distrust within the shareholders.

I feel this company still has great potential however, I have dumped by holdings at a tidy profit. My thinking is that many of the people buying in these last few days will sell their shares at a loss once they realize how illiquid this stock is. Once this occurs and the price is back down around 0.15-0.20 I will consider getting back on board.