In my humble opinion a RS does nothing to raise capitol.
I think if there is no partnering that’s the end of GTB as GTB. They may open again under a new name and perhaps, if they are honest enough, it will be a buyout and not a steal.
No more dilution, there isn't enough left in the company.
I think its partnering or buyout or bankruptcy. IMHO
I have never seen it where the stock didn't drop after a RS, even when the RS was eventually a very good thing and the stock eventually went much higher.