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rcharlev

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rcharlev

Re: 7Card post# 54

Thursday, 03/14/2019 4:05:26 PM

Thursday, March 14, 2019 4:05:26 PM

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In July 2018 they raised $5.75 million (CDN). I'm not sure how far this latest $1.95M takes them and I wonder how much more they will need to raise to begin producing and delivering their genetic analyzer. I've been silently agreeing with you 7Card that they would need to raise more funds. It would be ideal to buy in after their last dilution and before the announcement that they're ready to begin filling orders that are flooding in, which will send this stock ballistic, but I'm not sure we're past that last dilution point yet.

I can't find enough financial information to tell me what their cash burn rate has been, and even if I could, it could certainly increase (or decrease?) as they prepare for producing these units.

I agree, 2019 will be the year. LXXGF !!!
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