I chat with a lot of people so sorry if i have forgotten said convo, but this is another stock so lets stick to MGV chatter - My explanation, firstly i dont know where you keep coming up with this 33% drop figure ? Take a look at the chart below, The lime green line is the 50% fib retracement line at .475, the red line above it is a gap on the chart between 50-50.5, i think that considering its not broken the uptrend line in purple and failed to pop back into it today i would expect a large sell off today and tomorrow to start the downtrend,
RSI in purple has been floating on high for way too long IMO and MACD looks bearish and likely to turn down, If this wasn't a 1 in 100 stock which owes to there brilliant grades they had discovered i would sell my holdings now and wait for the gap to fill, but this may just have the strength to ignore the gap so i will hold what i have and double down if it fills,
As for the Cash Raise, smart companies dont raise cash when there cash is nearly out they do it when they have already got a decent amount in the bank and the stock has had a great rise and looks to have topped out, Raising cash when you need it puts you at the mercy of lenders and thats not what you want to happen as you will get more dilution by raising lower and no doubt a discount attached if the share price is falling.
Hope this helps