@dazatoN ....."Ozblue could you please inform me of your experience in this stock? What were some raised flags that got you to sell?"
My experience with this stock was a very good one. I bought in a few days after BP bought and proceeded to trade a good proportion of my shares over the next year. I made some good coin out of the experience.
I was not happy when the direction changed from water products back to air purifiers and sold out of the last of my shares in January this year. A few years ago the FRG technology was being called a product by the name of Air2O3 (air to ozone).
When the change back to air purifiers happened citing hydroxyl free radicals, my science knowledge kicked in about how do you make hydroxyl free radicals from dry air (no hydrogen in dry air). I then did more intense research into the entire field, finding that the technology Purifloh have leased is just another pulsed corona discharge unit, of which there are already many types on the market. There doesn't appear to be anything unique that warrants a Mcap anywhere near where the company share price was at the time (around $3.80 in January).
The entire Mcap of this company going from ~$15M in 2018 to over $150M at one stage was based upon BP joining the company as a director and adding ~$10M to company coffers.
Now the cash has been spent and BP has left the BOD, plus coincidentlyan announcement about an OEM deal being off the agenda was released a couple of weeks after BP departed.
The company is basically where it was over 2 years ago, no sales, no products, out of cash, looking to manufacture a product that will be competing with many similar products in the market place, yet a Mcap that is STILL 3 times higher than it was in mid/late 2018 before BP happened.
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