This doesn't look like too much dilution to me. I'm happy with it and don't see any surprises in the 10K. Now the q is do we get news anytime soon?

During the three and six months ended June 30, 2011, we issued 1,685,506 and 3,535,506 shares of our common stock, respectively, upon conversion of notes payable with an aggregate principal amount of $115,000 and $192,600, respectively.