Yes comforted, in my view a good cornerstone investor, with global connections and financial clout.
I am aware of the possibility that its all a long game to secure the MABR tech, but he has had ample opportunity to nab it on the cheap, whilst FLC was struggling to grow and reach cashflow positive.
Instead he has supported the capital raise at 44c, for around 16m shares. Would FLC still exist, if it had failed to raise the $38.3m in late 2019
Isn't it more believable that FLC took a legitimate hiding from the market, because they failed to meet expectations. Particularly in relation to rapid uptake of MABR in China.
That said they are getting there, it is just taking more time than anyone predicted.
FLC Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
