SIX months of waiting.....
Testing was to be carried out in February, then April, then June, and here we are in July.
A "major investor" told me he has learned:
1. FluroTest is real, it works. Though the company obviously did a lousy job of marketing CompleTest products, it is a high quality product, so there's little reason to doubt the effectiveness of FluroTest.
It is able to detect early variants. Detection of delta & epsilon variants will soon be added to the list.
2. The company has halted efforts to sell the rights to CompleTest. Don't know whether this is because they want to hold on to the technology and market it again in the future, or if there was no interest from potential buyers.
Looking at this negatively, one might think the company had no idea what to do with something the cannabis industry needs.
Viewing the positives, the company is devoting all their time and resources, betting the house, on FluroTest.
( insiders hold half of outstanding shares, and not one share has ever been sold, even as the price has dropped 80% from last year's high )
3. There has been NO testing to date! Not sure if the fault lies with FluroTech or Toolbox, but new testing sites are needed.
4. The paperwork for submissions for EUA from the FDA and for authorization from Health Canada is supposedly complete, lacking only clinical test results.
If true, that is good news.
5. MarketSmart, hired to promote FluroTech, featured in a tweet on July 2, is being fired. Whoever is responsible for twitter posts, probably someone from MarketSmart, is a dunce, doing no more than copying old press releases.
Seems that with every new tweet ( hate that word, as childish as Dorsey! ) the sp drops.
6. The execs at FluroTech fully believe that international screening procedures will permanently change, much like travel procedures went to metal detectors, then on to intensive searching & screening after 9/11, and now adding virus detection.
They are convinced that FluroTest will be installed in every int'l airport, train station, and so on.
( if so, there should be more urgency as competitors are being approved )
7. There seems to be some confusion over the testing time - 5 minutes or 10 minutes?
The actual time for the test is 5 minutes, while the time required to obtain the results from start to finish is 10 minutes.
