dilution? Hey Silvercat you talk about dilution. What is VIT going to do, raise $200 million by issuing a billion shares at 20 cents a piece? Who would be willing to buy those shares given that it would probably drop the SP to 10 cents or lower?
Clearly, VIT couldn't significantly dilute even if it wanted to. Maybe after it gets the permits and secures some loans, and the SP climb to $1+, it can go to the markets for money. By then, of course, doing so would be a lot less dilutive. But talk of dilution at the point we're at now just isn't logical. Kind of a bad news / good news situation. While I wish the SP were higher, I'm glad management is forced to find other ways to finance.