Companies like IMGN don't go bankrupt, they use various financial vehicles, but they remain in business. I certainly don't want to see further dilution until they're at least back in double digit's, but I don't think their is a need to do that before that occurs.
Even if IMGN853 fails, they have a lot of other things to offer, but of course we need to wait to see additional results to know what to anticipate from the others. As for not, I believe the need for financing in the next year might be answered by new partnerships, time will tell.
It's unfortunate, but brokerages often have Institutional investors who want in and convince the company to take the money at times when lots of shares are needed to facilitate the money being offered. We all know it happens because it's so tempting, even when current funding is sufficient for the immediate future.
I believe before the end of this year we'll see data on products other than 853 that at least the stock to much higher single digits, if not into double digits again. I've like the moves of the new CEO to date, lets see what he's done when he's been in the company for 6 months to a year.
Gary