I hope so - but I’m not that optimistic. The funds will be used to increase production and at their current burn rate they’ll need another CR to expand R&D and increase production further. CIO appears to have an In-demand product. I think they’ll be ramping up and that needs more $$$.
Even if in Dec Or March quarter they turn cash flow positive in expecting more funds needed. Let’s hope by then the market cap is far superior to today so the dilution is reduced.
Am looking forward to the forward looking cash flow expectations from the company in the upcoming quarterly
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I hope so - but I’m not that optimistic. The funds will be used...
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