So PEO did sell off the only part of it that wasn't losing money to fund its losing money on reselling. PEO will never make a profit as a reseller as it's a field that's too competitive and PEO doesn't have the size necessary to be profitable. One can only hope that sooner or later the company will merge with another or it will go on languishing and sucking up money. They let the Perth infrastructure go for a song so I hope they have some good use for the $6.25 million.
PEO
people telecom limited
trading halt so is amm, page-14
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