Coro Global Inc (CGLO)

[dkspartan1]

Negative FCF in a tech firm is fairly common, it can take years before any return is realized. Most likely, the capital raised by equity offerings is used for maintenance and operating expenditures.

That was popularized in the 1990's tech boom. The company would have to keep issuing equity until the sales and profits mature and they become self sustainable . I'm not sure what the impact of the one year free giveaway is. That alone could have heavily delayed any realized return.

Future performance is the key. Future performance is why NFCF isn't a "negative thing" in a speculative investmet. Which is why we need to see an increase in sales and profit. The 93% change can be seen as a comfirmation of that increase.