"if they didn't do the dividend last time we would not be diluting at .12"

I agree with you but always wondered who's idea that dividend really was. I would be willing to bet it was Ernesto as his average share price wasn't that high back then. That was a good chunk of change based on the huge number of shares he owned. I hope they manage to sell something soon as the dilution over the last few years has really not done anything for shareholders.