On the other hand one of the myriad of problems mgt faced BEFORE...

On the other hand one of the myriad of problems mgt faced BEFORE this dilution was competitors and short selling cowboys using the stock for their day trading plays. Further some of the bashers were timing their plays to coincide with any positive news from the coy. This caused enough stock movement to attract negative press attention leading to the impression the coy was mismanaged and the tech was valueless. Neither of which impressions was warranted since Lee took over. So by leaving the stock as is these plays are not worth doing as the only thing which will now attract press attention would be bankruptcy, or a miracle recovery a la Apple.

IMO then a consolidation should FOLLOW establishing a viable earnings stream from a large scale production contract.