This Just InGiven NXO's recent fund raising activity, we need a good term for that behaviour
I suggested
KTDO financing (keep the door open), but it can also be
USSS financing (until some Sh%$t sticks) and more ..limited only by our imagination
IDTD financing (immediately down the drain)
WTFF (self explanatory) ==used most often in situations of surprise
happy to entertain other descriptions of this desperation money