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dolby

06/03/20 7:50 PM

#111270 RE: BRITT2575 #111269

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.