Check out the history of LC ‘s stock rights offerings and the  effect on prices.
Today it announced another SRO

Date of Approval by Board of Directors Jul 17, 2017
Entitlement Ratio 1:4.685 shares
Offer Price P 0.15
Number of Shares to be Offered 11,678,967,888
Ex-Rights Date TBA
Record Date TBA
Start of Offer Period TBA
End of Offer Period TBA

Will history repeat itself? lcsro.jpglcc.jpg