see Andrew Fein launches coverage at H.C. Wainwright post on BioTuesdays
HC Wainwright is the successor to Rodman and Renshaw, the PIPE pimps of Wall Street.
If you were too dense to know that massive dilution was inevitable before, now that HCW is on the job it is etched in stone!
My guess is that Geert does the reverse split and HCW then places the PIPE with funds that have already shorted this POS offshore. That's one way these slimy deals work.