Perhaps I am a whimp, didn't dare put more cash down to take up the 8c offer. After so many years since my Emefcy entry and all those buys in the 80s I am cynical. Sure, my average is now down to mid 30s, yet even though I have been a long term believer in the tech, history shows the best product doesn't beat the best marketing and distribution. Buyers are always risk averse and will never be fired for buying IBM. Until the new management can prove they are capable of driving profitable sales at scale this business is still a punt. The new major holders with stakes taken at 8c may well go the way of Lauder, and exit at a loss. Meanwhile we long term holders are still down 80% from the early blue sky days of the promise. Nothing out of the usual for a start up challenger brand. Hopefully this will go to $5 or so, but FLC is certainly not a sure bet, even at today's price.
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