I think they'll do a CR when they need to. Nearly all execs don't hold any shares so it's not exactly a destruction of their wealth. It's more important that the company is a going concern because salaries will continue to be paid.
Imo there's a big difference between a company that does a CR to keep paying wages without making any money and a company that does a CR to support continued growth. IOU would obviously be the latter. I believe there would still be interest from investors to take part in a CR particularly with the results from the last 8 months.
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