Replies to post #5805 on Flameret Inc (FLRE)

[AndyTheBear]

To my knowledge, they've been publicly trying to get funding for two years. Apparently Glover/Larson were selling shares (over 1/2 of a BILLION) to fund the company, as they scoffed at bona fide funding offers that would have held them accountable for their use of proceeds. So once they sold their shares to the investing public, they pocketed the proceeds instead of reinvesting the money back into FLRE.

Classic Stan Larson.

[SMResources]

Speaking from my own opinion of course, This project is the sort of thing that can take years to develope. Markets are tight due mainly from major corporations having a monopoly. For instance, the first aid services in the oil patch used to be fairly reasonable to get into at one time. There were a lot of owner operators and small companies were able to do quite well. Over the last ten years or so, i have seen a lot of small companies get wiped out because of the bigger companies under bidding the work and having back door relations with the oil companies. The "who you know" is much more important then the "what you know" or how good you are. Now for any small company to get into the business is next to near impossible. I know because I worked at it for ten years but was unable to make the leap due in part to financial requirments and also the contracts already in place.

I believe it is somewhat similar with FLRE as it is trying to market a safety product when there is already a tight market with contracts already in place with these other companies.

In my conversation with Elite, I voiced my concern over the peoples republic of china and asked when was the last time you saw a military respect a patton? My concern and theirs too i believe is that it is quite possible that FLRE's product could be reverse engineered.

This is a safety product and the testing is understandably rediculous but if I am buying such a product, I would want to test the h*ll out of it too before I bought it.

This company is a long shot to be sure. They may never be able to get their product into the market.

its a safety product and to a company buying the product, it is an expense that...well...think of the gulf oil spill and it was all about a safety valve that someone didn't want to spend the money on...

The same mentality is rampant throughout industry. They won't spend the money unless they are legaly obliged to but at the same time "its only wrong when you get caught"

part of my conversation with Elite had to do with the potential of marketing the product in the oil patch. that may be difficult for them to do as the fire resistant coverals already used in the oil patch have a current supplier. For FLRE to get in on list of potential suppliers of their product, there is a lot of tests and red tape to get through and they may still not get a contract.

here is another example. Spill kits. if you have a limited budget, where are your priority's? Making sure you spend $100 on a top of the line spill kit you may use once in 2 years or do you buy one for $50 that will satisfy the government regulations? most companies will spend the $50 for the cheapie becuase they can get away with it.

FLRE has their work cut out for them but I have some confidence in their credibility now that they have teamed up with Elite.

At this point it is a patience game.

I had to wait and work ten years to realize one project I had been working on that just went sideways as of this morning. Sometimes you can do everything right and still lose. Does't mean anyone is a con. its just life...

[SMResources]

Speaking from my own opinion of course, This project is the sort of thing that can take years to develope. Markets are tight due mainly from major corporations having a monopoly. For instance, the first aid services in the oil patch used to be fairly reasonable to get into at one time. There were a lot of owner operators and small companies were able to do quite well. Over the last ten years or so, i have seen a lot of small companies get wiped out because of the bigger companies under bidding the work and having back door relations with the oil companies. The "who you know" is much more important then the "what you know" or how good you are. Now for any small company to get into the business is next to near impossible. I know because I worked at it for ten years but was unable to make the leap due in part to financial requirments and also the contracts already in place.

I believe it is somewhat similar with FLRE as it is trying to market a safety product when there is already a tight market with contracts already in place with these other companies.

In my conversation with Elite, I voiced my concern over the peoples republic of china and asked when was the last time you saw a military respect a patton? My concern and theirs too i believe is that it is quite possible that FLRE's product could be reverse engineered.

This is a safety product and the testing is understandably rediculous but if I am buying such a product, I would want to test the h*ll out of it too before I bought it.

This company is a long shot to be sure. They may never be able to get their product into the market.

its a safety product and to a company buying the product, it is an expense that...well...think of the gulf oil spill and it was all about a safety valve that someone didn't want to spend the money on...

The same mentality is rampant throughout industry. They won't spend the money unless they are legaly obliged to but at the same time "its only wrong when you get caught"

part of my conversation with Elite had to do with the potential of marketing the product in the oil patch. that may be difficult for them to do as the fire resistant coverals already used in the oil patch have a current supplier. For FLRE to get in on list of potential suppliers of their product, there is a lot of tests and red tape to get through and they may still not get a contract.

here is another example. Spill kits. if you have a limited budget, where are your priority's? Making sure you spend $100 on a top of the line spill kit you may use once in 2 years or do you buy one for $50 that will satisfy the government regulations? most companies will spend the $50 for the cheapie becuase they can get away with it.

FLRE has their work cut out for them but I have some confidence in their credibility now that they have teamed up with Elite.

At this point it is a patience game.

I had to wait and work ten years to realize one project I had been working on that just went sideways as of this morning. Sometimes you can do everything right and still lose. Does't mean anyone is a con. its just life...