GTC Biotherapeutics (fka GTCB)

[doofus_king]

The situations aren't as disimilar as you indicate. Stock price so low that they CAN'T raise enough capital to stay liquid. Board of directors in managements pocket. Etc.

Your implied odds analogy doesn't work because it doesn't incorporate the cost of dilution to common shareholders.

BTW it's Lehman not Lehman.