On Wednesday, Answers Corp (NSDQ: ANSW). announced a fresh attempt to raise cash to fund its attempted acquisition of Lexico: a plan to sell 14.94 million shares, raising $100 million. But that was based on the company’s Tuesday closing price of $6.69. Since then the stock has been crushed, falling nearly 42 percent to $3.96. At this level, 14.94 million shares would only be worth $58 million, not nearly what it needs to raise to fund the buy. At these prices, the company would have to up the offering to 25.6 million, further diluting the value held by the company’s current shareholders. The company said Wednesday it expects the deal to close in February, but it looks like investors are doing their best to torpedo the plan.

• Answers.com: Hope To Fund Lexico Buy With $100 Million Stock Sale; $8.5 Million Convertible Notes