Chart, page-7762

nice to see some positive movement in the share price, but I personally don’t judge the companies success/chance of success by its share price. Those following FLC long enough know that Aspiral/SUBRE/Nirobox are disruptive technologies in the wastewater and desalination space.

What has been going on in the past couple of years is that Henry tried to chase too many markets all at the same time... that’s ok if you get strong traction, but this pandemic /slow down has shown that the global footprint was unsustainable without the revenue growth to fund it.

Richard has stepped in and is going to narrow the focus to a handful of key markets and reduce our global footprint/operating costs.

This will mean we will be a leaner and more focussed business targeting the smart packaged solutions markets.

This will mean the business will be able to turn a profit sooner and possibly more importantly, be able to withstand shocks in the market and cash flow disruptions.

all in all FLC under Richard’s leadership is one that I totally buy into and one that is more likely to succeed and survive to reap the rewards without excessive dilution.

goodluck all