Thanks for sharing this. I take up on point 4. Your company is trading near its cash value.
Market of FLC is US$104m vs Cash and deposit US$62m. If you buy now you are paying USD$42m for the IP of MABR.
When I met them in 2016, I asked them how much have they spent on R&D on MABR up to that point. They said US$40m. So in other words, whoever comes in now into FLC is getting MABR at NTA of their Intellectual Property invested.
Point 10. Total confusion of fellow investors is worth mentioning. We have had corroboration upon corroboration that the needs are real, the IP works, bulk orders from iTest and 3Gorges have been booked. We are heading towards 250 installations worldwide, ahead of Suez and Dupont. The decentralization theme is coming into fruition in China at the municipal and rural levels and MABR is following MBR on its 20 year trajectory.
Yet the price is not moving. Confusion is an apt description.
FLC Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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