James McDonald's questions to Seer (SEER) leadership • Q3 2017
Question
James McDonald, a private investor, questioned the company's low cash and liquid asset position of $100,000 and asked about the strategy to address this for the remainder of the year.
Answer
Richard Robertson, COO of SEER and President of MV Technologies, acknowledged the cash balance was lower than desired. He explained that the position is expected to improve due to incoming revenue and accounts receivable from the REGS division's recent uptick in sales. Robertson assured that the company will continue to monitor its cash position closely.