Ann: 1Q21 Cash Flow and Activity Report, page-50

@kitle I understand your thoughts. I am a relatively
new holder picking this one up at 52cents. I take a thorough approach in analysing my investments and FLN I think does take some imagination to see what the value might be.

I bought for the potential upside in the non-Freelancer side of the business. Whilst I couldn't put an exact value on any of them I view it as almost a mini-portfolio in itself with the expectation that one or more of these business ideas will come to fruition.

I have consistently identified great businesses and then sold out too soon because I underestimated how good they were. To be honest I was more excited by Escrow than anything but after the last investor presentation I see other opportunities.

I am still trying to get to grips with this one but at 52 cents it made sense and I think it still does. It would be great to see more liquidity but at least management has skin in the game. If I was them I would probably privatise it but I guess as a listed entity there's plenty of benefits too.