The other point that I did not make clear in that post was that somebody invested millions of dollars into MDFI and I'm guessing for positive reasons. They have done so over the course of the past 4 to 5 years.
MDFI have been working on their technology for over 10 years of which I have confirmed. I am thinking that the time might very well be now for the company to begin making the serious moves that have been previously expected. I think some news and their next filing will confirm much. Until then, I'm not so sure that it is a pig. I'm going to hang around and take my chances.
Negative FCF in a tech firm is fairly common, it can take years before any return is realized. Most likely, the capital raised by equity offerings is used for maintenance and operating expenditures.
That was popularized in the 1990's tech boom. The company would have to keep issuing equity until the sales and profits mature and they become self sustainable . I'm not sure what the impact of the one year free giveaway is. That alone could have heavily delayed any realized return.
Future performance is the key. Future performance is why NFCF isn't a "negative thing" in a speculative investmet. Which is why we need to see an increase in sales and profit. The 93% change can be seen as a comfirmation of that increase.
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