This will be in a down trend for weeks. The shorts will walk it down gradually to maximize their profits. I'm guessing the bottom will be in the $1.50 range. Obviously an overall market correction could take it lower.
I wouldn't be surprised if the number of authorized shares is increased to 500,000,000 before the end of the year.
Margin calls will hit this hard towards the end of next week.
Authorized share count cannot be increased without a vote of the shareholders - so that part of your post is off-base.
There will be a dip below $2. how far depends upon how fast the company acts in bringing more clarity regarding how much dilution will be taking place. Catching the falling knife is always a tought proposition in the face of uncertainty - but those who believe in Afrezza will find a good buying opportunity over the next 2 months.