No, that's the wrong answer. For some reason, you think that the market makers will adjust the price because of the financials. That's wrong. They adjust the price to make a market. Right now, at $1.80, they're having a tough time.
Put it to you even simpler, if a company is trading at 100x earnings and is completely overvalued, market makers don't sit there and say lets adjust the price down, this is ridiculous. They simply make a market for the current demand.
If the price is $1.80 when they add 6x dilution, they'll divide the price by 6 and open it up. Pretty simple.
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