Flurotech Ltd (FLURF)

[lightrock]

@chips

Just recently took a look at this.

 
 - I like the story, makes sense 
  
 - Don't like the price of the product 
   - you are asking people to make an investment as large as a car 
   - such things have longer lead-time in sales 
  
 - The monthly burn rate is $500k ?? ouch 
   - This implies dilution to come 
  
 - Reverse IPO means they really really have to perform aka Sales 
 

So the ball-park back of the napkin thing appears to be something like...

$10k cost per unit to build, $20k margin, sounds right?
($500k/mo) / $20k = 25

So we need to see sales at about 25 units/mo or 75 units per quarter or $2,250,000/quarter

Then we are at more or less break-even in fundamentals.

Then, to be a viable stock, we have to see growth from there or hope of growth.

We got time. Until then it is all risk.