And here is the minimum criteria to present:
MINIMUM CRITERIA FOR PUBLIC COMPANIES
Publicly traded on NYSE, NYSE Amex Equities, NASDAQ, BX Venture Market, OTCQX, OTCBB, OTCQB or TSX
Demonstrating positive revenue growth
Positive EBITDA or a visible, well defined path to positive cash flow
Competitive differentiation of offered technologies, products or services
Experienced leadership
Seeking to increase institutional sponsorship and/or obtaining investment banking sponsorship
DEMONSTRATING POSITIVE REVENUE GROWTH? Well, he have forecasted $45 million, but to date, well, we have zero. But-we do have the Gibraltar contract, which is probably in full swing by now. And who could forget the "Asian interest" that FLRE has received?
POSITIVE EBITDA OR A VISIBLE, WELL DEFINED PATHE TO POSITIVE CASH FLOW? We ave $20 million in income forecasted, but to date, we have zero. Our only path to cash flow is what management took out of the market by selling us their shares. But, it appears that they kept the proceeds for themselves, leaving FLRE and it's shareholders with $187 in the bank. It would be interesting to hear Glover/Larson explain that one to a group of savvy investors. "We needed the money".
EXPERIENCED LEADERSHIP? That's almost too easy-like shooting fish in a barrel. Where do we start? Decimation of shareholder value in FLRE, not once, but twice. Management's shedding of one half of a BILLION shares since August of 2010, in exchange for $187 in FLRE's bank account and a .004 share price. Decimation of "managements" other public companies and their shareholders. Inane, fabricated contracts and predictions? Although, we do have a video tape of Glover talking to the chuckleheads from BigBiz.com, while they talk about coating a poodle with Flamex. And, BigBiz got 5 million shares for that interview. If that doesn't demonstrate experienced leadership, I don't know what does.
I think it may be best for FLRE and it's "management" team to steer clear of this event until they get their proverbial house in order.
