General Comment to recent posts
Good discussion. For myself, I appreciate the issues and concerns that have been expressed. Nothing wrong with a consideration of the pros and cons of any company, and on the otcbb, there is always plenty to debate.
First, I make it a point not to pump FLCR, particularly at this stage of the game. The concerns expressed by journeyman and others are legitimate--the company has a long history of non-profitability, past business ideas have not proven successful, the pps has not been above .05 in a very long time, the current revenues are small, and the future success of the company depends, in some measure, on the SEC approving the S1.
The reason I am invested in FLCR is because of (1) the current management, and (2) the business plan. FLCR is one of the few otcbb stocks whose shares have not been diluted through greedy management, financial mismanagement, poisonous financing, and reverse splits. Further, the current management has a good track record and they have a huge amount of personal cash invested in this company--their confidence gives me confidence. The business plan set forth makes sense to me and has the potential to result in genuine, long-term growth.
The reason I continue to buy shares right now, even though I own a truckload, is because (1) the pps is very low and almost certain to increase significantly, (2) the S1 application looks good and, I believe, will be approved, and (3) the new CEO is tenacious and has a proven track record with other business ventures.
FullCircle is not a thriving, high-revenue, successful business (else it would not be on the otcbb at .025); but it has legitimate potential to become one. FullCircle is a risk-reward investment, but not nearly as risky as most otcbb stocks and the potential for reward, I believe, is greater than most otcbb stocks. So for me, it is worth the risk, especially at these prices.
As always, investors should weigh the risk-reward. FLCR is not without risk--the S1 may not get approved (meaning financing of the business plan would have to come through other means, further delaying things) and the business plan itself may not pan out. But, I personally believe the S1 will be approved and I believe the business plan will succeed. If there is just mild success... Wow! From this pps level, the "carrot" is big one.
Good day, all!
Jim
PS. I have not taken any of the skeptical comments or questions as "bashing." I can appreciate the concerns, and I think the resulting discussions are beneficial. I hope everyone can stay out of attack mode and keep the board civil. My thoughts, fwiw.