RE:RE:RE:RE:'' due to high demand ''HDP...sais (QUOTE) '' Hopefully some good news on the horizon to justify the immediate need for money'' (END of QUOTE).
Assuming that GEN has a burning rate of approximately +/- $600k for 3 months(just a guess)...the $1 million (Mars 25, 2019) is enough to carry GEN through June 2019.
The next $1 million financing (March 29,2019) has to be definitively for something else.
An increase in tests volume processing($) is the best guess.
HPD wrote: My take on the financing is high demand for 5 cent units with warrants. I would take a half mill too if i could. There might be not as much demand at 15 cents. My guess is the same terms for 2nd tranche as the first. Hopefully some good news on the near horizon to justify the immediate need for money. Hpd