Indeed it is, and woe is me, the stock goes up :)
That said I expect dilution very soon.
Last 2 quarters saw their operating expenses go up, 2 quarters at over 7 million, last quarter at 9.4 million, which makes sense vis the manufacturing scale up.
At the same time end Dec they had 20.9 million, then they received 4 million in warrants. Means at last quarter's rate and end-June they have max 5 million in the bank. Even based on previous quarter would have them at max 7 million. Dilution by end July I'd say.
Still 5 months for this stock to go down, may raise my entry to 10USD??? :)
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