I disagree. They will work with HC Wainright or some other low rank firm and do a share offering at a big discount to market where they pay a hefty/disproportionate fee to the investment banking firm and unleash an alphabet soup series of warrants. The low rank firm will short the stock ahead of the offering and will pick up the tidy fee. They will also be given free shares/warrants and will sell them on a timed pump and dump.
If you bought $10,000 of Cyclacel stock at $6 share (1,666 shares) on May 5, 2004, you would now have 3 shares valued at $14.40 ($4.80 per share), after 1:5, 1:7 and 1:12 splits. Enough to take a family of 3 thru the McDonalds drive-thru maybe.