RE:Re, re ProphHC Wainwright was the underwriter for the last financing (Ididnt check how many others) and will be more than happy to garner more underwriting fees. The more the companies burn, the more fees HCW will receive each and every time.
This is such a sham merger that when the company formed a special committee that ultimately led to a decision to screw shareholders they did not even inform their "valued shareholders" of it's existence and purpose.