US and Caribbean, page-29

if I look at how things have played out.. the pandemic may have stunted our growth in China, which has seen our share price decimated ... but what it has actually done is accelerated FLC's transition into the US market and that is where I believe FLC's endgame will be.

So FLC's valuation for as long as I can remember has been tied to China, yet its value is IMO likely to be realised in the US.

What could be quite interesting is if traction/sales build in the US, and the Chinese start feeling a little FOMO... sales growth in China may not result in the US batting an eyelid, but I'm not sure if the same can be said if US sales start growing.