RE: RE: Major Named Chief Executive Officer It is a really good news for shareholders. The burn rate will be reduced further lower. Actually it is the strong signal the company won't do any financing before they get the orders. The will use orders to do financing, such as Letter of Credit or Line of Credit. For example, if they get an order for 300 units and deliver 100 monthly, they can get about 60% of total order financing through the two ways, then no any problems for finance.
Some finance institutions tried to lower the SP is because they are approaching the company and trying to offer share finance. In fact, the company does not need share financing any more, because they can get order financing easily. The people tried to control the SP will get nothing but loss.
Good Luck everyone!