RE:RE:LMNL is being very suttle but they are telling us....I could easily see them diluting by issuing additional warrants/shares. Since between Thomvest/Consanance they own 85% of current available shares they have the abilty to issue up to an additional 15.54 million shares/warrants and still maintain their 51% controlling interest between them.
If Thomvest wants to maintain sole 51% majority without Consanace they could still dilute by issuing and additional 9.32 million shares/warrants without giving up control.
Given their cash burn and uncertainity surrounding both their partnership plans and the length of time it will take to go from where they are now to actually having a self-sustaining revenue stream it is highly likely they will have to dilute at some point.