Simply because the share price will likely be shorted much further down, maybe to the equivalent of 30 cents, delisting is off the table, BK is off the table with dilution....so the risk/reward becomes just that much better. Of course my assumption is that with enough time and the extra cash, MNKD will be successful in marketing Afrezza - if you don't share that view, then I guess it wouldn't present an excellent opportunity.
IMO, in spite of relatively untrustworthy/incompetent management, Afrezza's multiple superior attributes will eventually win out.