Here is a novel idea, let's talk about the stock and tech..
Last year Purifloh suddenly introduced the concept of a 'neutralizer' on the air purifier product. There were no details about it, like how it worked or what it was made of etc, despite all this type of information being available on the FRG unit..
Fast forward to the announcement of 17/3/21, a glossy presentation about future of the company in the 'market update'. There is no mention of the neutralizer any more. What happened to it?? Did they find it was not possible to get rid of the ozone coming out of the unit??
Luckily on pg 5 they mentioned what comes out of the FRG air purifier "Output by products are only water and ozone".
They even cover dry air, by also stating on pg 5 .... "ambient air creates ozone".
So @tukebay as I have previously stated, nobody needs any qualifications to know that the unit is an ozone generator, as the company itself has confirmed it!!
There are already many ozone generators available for sale, so it's a crowded market place. For shareholders to make money from this, apart from the bigger fool aspect, then sales would have to be in the hundreds of millions to billions annually, yet ozone generators are just not that popular for very good reasons (for air purification).
Ozone is a known pollutant. From the US EPA.... " Ozone at ground level is a harmful air pollutant, because of its effects on people and the environment, and it is the main ingredient in “smog."
https://www.epa.gov/ground-level-ozone-pollution/ground-level-ozone-basics
I don't think something that has a reputation as an air pollutant, being the output of the unit, would be a big seller as an 'air purifier'. It seems ludicrous to think it would have a 'big' future.
A simple reality is that those negative about the unit and the stock have been correct. The SP is still way below the BP pump (and a fraction of the high) and the company is still fluffing around trying to keep shareholder interest.
Perhaps all this sudden colour and movement around this stock is in preparation for a cap raise.
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Ann: Initial Director's Interest - Appendix 3X, page-16
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