Thanks @jamesc666 for reminding us of relax1's work and what has...

Thanks @jamesc666 for reminding us of relax1's work and what has brought the stock price to this point. I have forgotten that every private equity start-up, turned into a publicly listed stock, always bring along a bunch of early stage investors. Once their moratoriam lifts, or when a listing goes public, it gives them an opportunity to exit. Eytan represents those group of early stage investors. Unfortunately, as you have reminded, and relax1 has pointed out, those who have exited have overwhelmed those who have replaced and bought over their shares. Hence, the current weak share price.

Question then begs, moving forward, once must ask what the forward picture holds for FLC. Like you, I too have averaged all the way down and below my buying costs. I have to ask whether I would still be a buyer at this current levels.

My answer is yes. My reasons are based on three large themes: (1) Asia (especially China) has come out much better out of this pandemic with economic activity resuming faster than the West. (2) Fiscal and monetary policies will see to it that infrastructure spending will lead in Asia in areas of the environment and the economy, with new technology applications in the forefront of productivity gains. (3) Finally, the rising theme of sustainability investment and ESG. Each of these points require that we take a long view of investing.

Thankfully, in addition to my broad 3 themes, we have more and more plants installed to prove that that MABR as a whole, by the 3 producers, are penetrating the various geographical markets and getting more recognised for its stated claims of what the technology can deliver. Bodes well that the FLC is the largest in terms of installations worldwide of the three.

All this is just my 2cts worth.