I am not sure whether the market is correct. But at times like...

I am not sure whether the market is correct. But at times like these, if the market is wrong, there is an opportunity here to exploit.

At current price, the market cap is around USD$82m. With cash at USD$20m,IC payment $34m, that means business is worth US$28m for EBITDA positive operations.

All we are paying is $28m for a bet on this: We believe that the emerging concept of distributed, or decentralized, water management is the key to water sustainability, providing the right water treatment at the point of use, at the right scale -- and at the right price. Recent developments in treatment, automation, remote control, and communication technologies are allowing us to break new ground with systems that lower infrastructure and operating costs and maximize flexibility. Our Smart Packaged water and wastewater treatment solutions take advantage of these innovations to make treatment even more viable.

Above taken from here: https://www.fluencecorp.com/research-and-development/.

So is the market right to price FLC at these prices, for this opportunity? Who dares wins.