InvestorsHub Logo
Post# of 200622
Next 10
Followers 54
Posts 4801
Boards Moderated 0
Alias Born 03/22/2009

Re: BRITT2575 post# 111269

Wednesday, 06/03/2020 7:50:33 PM

Wednesday, June 03, 2020 7:50:33 PM

Post# of 200622
The conversation then turned to dilution and outstanding shares. Grieco noted that dilution occurred prior to January 2020, but shared that any shares that are currently being issued are meant for growth. "We are in a position as a company on a cash flow basis to cover the burn-rate," said Grieco. "So, we finally have free available cash flow," he added. "We have to expand very rapidly. We see a need, starting in July, to start delivering at least 25 systems a month," said Grieco.