Have Traded in and out of this since the EMC Days. Back then it was all unicorns and rainbows, blue skies. The team back then were full of promises, It was all China and the 5 Year Plan (which was back in 2016), the Chinese Government were going to spend untold Billions on Infrastructure bringing their third world countryside into the modern age and it was going to be decentralized everything, EMC was in the hot seat, partnerships left right and center, everyone wanted MABR, or so we were told.
Fast forward to 2023, the grim reality is EMC/FLC might be a good few decades too soon with their technology. Sales have been inconsistent, the original management team all but gone, the largest shareholder is exiting for what is presumably a significant loss (don't try and sugar coat it as selling for a tax loss) the governments aren't rolling out MABR or SUBRE en-masse, and this Company is still losing money and now raising capital at the lowest share price ever. With all this said, there is an awfully suspicious amount of optimism in this thread. My Opinion... Someone needs to call this co for what it is... Buyer beware.
FLC Price at posting:
11.5¢ Sentiment: Sell Disclosure: Not Held
