PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Market Update, page-88

  1. 837 Posts.
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    It will all depend on what transpires from here as to what the SP will restart at.

    If we go down to 5c... a market cap of 30m... then this brings our total shareholder value to pretty much what was raised in the last capital raise that was said to be used for some big jobs.

    Before the slide, Laurance Freedman, Schuitema and ZZ really pushed this stock. They kept pushing the potential and the "pipeline". Investors like me made decisions based on that feed. These guys made more money from their selloff then maybe the total that this business is worth when and if it returns. I find it very interesting that the hard selling and spruiking finished as soon as their pockets were lined. I find it equally as interesting that they never really bought back in anything significant during the sustained fall. They bought some but was it to smokescreen some sort of calculated swindle?

    Why did LF, RS and ZZ seemingly drop the hard sell after the initial selldown? Why did ZZ and NM sell again in the 70s? Why did we really give up our hard earned cash for a capital raise? Without the Capital raise funds, do we have any other funds at all? Have we all been swindled? Are we a going concern?

    These mega-rich seemingly added to their millions while us mum and dad investors, retiree, SMSF holders and mug punters lost large portions of our wealth.

    We all made financial decisions in good faith based on what we were led to believe and the people involved need to feel the full brunt of the law to protect others from facing what we have all had to endure.



 
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