Its definitely not baffling.
I'm also encouraged by this.
We have a proper business on our hands, in-house manufacturing, cutting edge IP, great management, global distribution. It's only a matter of time as to when this is reflected in the SP.
Ie. if a business such as BUB or NUH with outsourced manufacturing, $4m or $5m in revenue, operating at a loss can be trading at very generous multiples, then one wonders where FLC will be in the near future if a few major contracts come off....
Chart, page-491
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