An example of a much better comment expressing skepticism is https://news.ycombinator.com/item?id=7697876.
Two people have mentioned the possibility of a scam, but there is no additional information as to what indicates that it might be. I don't know enough about chemistry to make an educated guess. It would be nice to know why others think this may be the case.
I'll find a few links.
Previous discussion https://news.ycombinator.com/item?id=7668156#up_7668688
Different device http://pando.com/2014/04/04/revealed-healbe-isnt-indiegogos-...
I have some experience with fluorescence spectrocopy, to me it seems that if you do a proper control as the first step and then a sweep of wavelengths, look at the reflected and scattered light you can certainly get a lot of info. It doesn't seem like they do a wavelength scan though. But they do look at the spectrum (they say in the movie), do they just excite with one wavelength? Which one? The lack of any information on the inner workings is annoying.
A very big shame though that they don't say anything about the raw data. One could imaging many things (authentication? pollution measurements? ITTT kind of stuff) people could build for this.
(This whole thing strikes me as "too good to be true." Note how they put media claims above their own claims.)