Agreed. They desperately need money and they're cutting costs. Here's what I find interesting:
They are clearly holding the pps at .0001 and eliminating any buying interest (why??), they have not filed for an R/S, and they are maintaining current SEC filing status (which also can't be cheap).
Despite the fact that they need money so badly soon, one would assume that they would R/S and continue the dilution death spiral. But they have chosen not to. What's the quickest way for them to dilute and get money right now? As you said, releasing news will do just that.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.