Chart, page-560

This chart action is meant to get you impatient. Unfortunately we picked the wrong sector. Water is a conservative biz.

Every new tech needs time to get validated especially as crucial as membranes. Had happened to MBR twenty years ago.

MABR is going through the same. Data needs to be verified. Now applied research needs to be done to see if MABR plus nitro, or plus MBR, or plus reverse osmosis (RO) etc, can be used for industrial applications.

My consolation is that FLC is miles ahead it’s competitors. Hang in there. You don’t want to jump ship just before it departs.