I am afraid you are right about that. This creates a whole new downside for the shorts to plunder. The fundamentals of the company remain unchanged, and this just reduces my sharecount. Don't worry about the insiders, they will grant themselves new subscription rights to replace theirs. No such consideration for the general shareholders. They could not use the old fashioned approach and earn their way out of the bad financial performance, so we get washed out. Sit back and watch it happen, longs.