RE:RE:RE:RE:RE:ETA ON BNKRCY...anyone?? I don't think they will acquire fresh capital through a stock issue, rather negotiate with debtholders to convert their debt into equity at a sweetheart shareprice (and possibly a bit of cash for operating through this downturn as a sweetner).
Debtholders see it as some degree of certainty, rather then having to go through the uncertain and lengthy process of bankruptcy. They dump the shares once they have made their profit and shareholders are left diluted.