Well said. And whether that article existed or not, anyone investing without reading the latest 10-Q/K is almost always going to take a loss. Otherwise it's just luck or purely based on a technical trading position.
The article in question simply summarized the 10-Q. The company does indeed need cash badly. In the absence of revenue, it will most likely dilute the existing shareholders very heavily. Shares are currency for extremely high-risk penny stocks like this one, that's business as usual.
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