PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Trading Halt, page-5

  1. 412 Posts.
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    I would say possibly (imo) 2 reasons:

    1) given the chairman's comments in earlier interviews, they need more working capital to up-scale production. Business is booming and they need working capital to take advantage of increased business;
    2) maybe a foreign body wants a greater slice of the pie in return for increased business?

    Just 2 random thoughts off the top of my head. I see it as a really good sign. They're not short of cash at current production levels. There must be another motivation. we shall soon see.
 
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