Serious dilutionIf they raise $25M at this price range we will be well over 200M shares out. This does concern prospective investors even if the shares are mostly tightly held.
If Dragon Capital is the largest shareholder and it is they who want to take us over, what good is a rights plan? They will want to buy us cheap, too.
I suspect OYM & Zedex are a bit worried about Dragon and that is why they wanted to merge the two companies a while back to beef up their share position to hold control of this puppy. Dragon shot that deal down, I believe.