KORU Medical Systems Inc (KRMD)

[blue_skies]

Why the shelf registration?

The following two quotes are from the march 31 2020 financial statement.

We believe that as of March 31, 2020, cash on hand and cash expected to be generated from future operating activities will be sufficient to fund our operations, including further research and development and capital expenditures, for the next 12 months

Our principal source of liquidity is our cash on hand of $7.4 million as of March 31, 2020, which includes a $1.5 million draw against our line of credit. In March 2020, in response to concerns about the potential impact of COVID-19, the Company elected to draw $1.5 million, the full amount available on its line of credit.

I believe that KRMD is looking at an acquisition and would pay for it with stock?

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