Bankruptcy appears inevitable -- partly because management wants it
The whole PIPE financing routine, which seems to allow funds to short the common more easily, should be illegal. Every losing day passes, the more it is apparent OCLR stockholders are screwed. We have all been had -- by a management that simply wants to keep their jobs. They don't buy shares. They just pay themselves with PIPE money, all designed to drive the company into bankruptcy.
Classic Case of Death-Spiral Financing to pay Corporate Executives at the expense of shareholders..
Bond issue, Reverse Split, allowing Hedge Funds (that are in collaboration with the BODs & Management) to NAKED short the company shares to DUST from their overseas accounts..
Look at the price history, chart etc of FiberTower Corpn (FTWR), now in bankruptcy! OCLR could be a similar case..