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woodenbear

05/17/19 4:01 PM

#41220 RE: Bobbyinvest #41218

I’m confused. You’re saying you think a pre-revenue company will use excess cash to buy back shares in order to increase value on paper.... I can’t even conceive of that. They need about $50mm to get to revenue even if they get $100mm up front they would be crazy not to use that to fund everything else or just hold the cash as leverage for BO talks. Buy backs would be irresponsible without revenue.