RE:RE:Anybody out there ... watching this going down down down ?
LyChauncey wrote "...Insiders are purchasing in the open market...."
Let's take a look.
The current market value of FLOW is about $43 million. In the last three months one insider (and only one) purchased 43,000 shares. Peanuts! In the previous three months one insider (and only one) purchased 10,000 shares. Peanuts!
They are losing money and - while sales are increasing - it appears that the more water they sell, the more money they lose. At that rate they will soon run out of money.
I first looked at FLOW last summer when FLOW was highly promoted on BNN and on the Internet with the shares trading at $5.00 or so. First law of investing: know what you are buying. The product was unknown to me. So I went to the local Shoppers Drug Mart and they had two one litre bottles on the shelf. I purchased one for $3.25. Tasted it, drank it, and concluded it was water and certainly not worth the premium charged for the product.
So I passed on buying shares.
As time went by I kept an eye from time to time on the trading and noticed the shares dropped more than 80% in the last nine months.
FLOW may attract gamblers and speculators but... not for me at this time.