Due to last years late 10k filing the company is ineiligible to use SEC's short form S3. They can issue debt or equity to the public but have to file a S1 which the company says is more costly. Also they no longer have an active ATM on the preferred D shares. This has to be the biggest reason for the current cash crunch.
I belong to Phil's Gang, his charts show the next resistance at $9.23 and it is a major one. The only way it will go thru the $9.23 is with huge volume. It will hit the $9.23 or a few penny's more and than fall back some.