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Theo

11/10/22 9:37 AM

#202 RE: DesertRat1 #201

Cody Acree of Benchmark had a question related to the ATM too:

Cody: "...your ATM program, is there a range evaluation estimates that you have your thumb on that where you believe that, that it's just so cheap you've got to be buying more aggressively and the upper end of the range where you might buy less?

Scott Bibaud: "I think of it's the opposite, right? I mean, this -- that would be sort of a stock buyback. I mean, you're thinking more in terms of a range of where we would sell in the ATM."

Personally, I'm not sure Cody WASN'T actually referring to a potential buyback lol.

"...we balance two things, right? One is maintaining sufficient cash on our balance sheet, you know, to cover our anticipated needs. And then the second one is trying to execute at the best price to be as -- to have as little dilution as possible."

At least they're cognizant of investor's concerns...