I think we WILL see another offering. It'll be interesting to see how quickly it is scooped up. Or not!
Let's not forget - at the time of the last offering, many of these IPR's were still up in the air. Now that the PTAB has screwed us, the only hope left is for the CAFC to overrule the PTAB. If NLST does make a stock offering and it is scooped up quickly? It will be telling as to the general sentiment of the bigger investors.
To date, the entity that scooped up that last offering is under water on it. That might dissuade other entities from taking a risk on further offerings.