Death spirals are PIPEs that have NOTHING to do with registrations!
Public sales of stock are generally GOOD because: a) they are at a fixed price hence they are not death spirals. b) they do not guarantee a profit to the buyer the way a death spiral does. c) they do not drive the PPS lower and lower, as a death spiral does. d) they do not require more and more shares to be issued, as a death spiral does.
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