There is no way to prove what is the most effective way to stay in business and raise adequate cash.
The short way to view is if this a delcath/roth joint plan, the devastation will be mild. Share count jumps big, cash jumps big, into the unknown fog of phase 3, the end do or die
I suspect best case is $3 as an approximate bottom. On never a reverse split or authorized increase, more than 50 percent chance company runs out of money