Ann: FLC Wins First Volume Contract in New Chinese Province, page-44

Yes. I am still here.

FLC is an interesting co. Unlike many small caps I have invested in mostly in Asia, FLC is not helmed by a founder visionary where everything is determined by his acumen that he or she brings to the table. RI is being led by a VC-turist, a capable one at that.

Yet, a big yet, FLC is scoring goals because its 2nd tier managers in China and Israel are the visionaries. They are the one who see a good tech, spot the opportunities and driving sales. It’s not top led. But ground up enthusiasm for their products and what SPS can bring. Mind you, these headways are being made in tough markets like China, Cambodia, Philippines, Middle East etc.

This speaks volumes to me as an investor. It tells me that local management is empowered to design, enhance, seize opportunities within the parameters of what the MABR can deliver.

So, I am sticking around for the show to see what happens. Hope to see you here more often.