PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Market Update, page-46

  1. 837 Posts.
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    My gut feel tells me that you are about 16 or 17 and already know the world?

    Yes, this business has its problems but it is still a going concern. Plenty of cash in the bank (and in Australia!) and lots of opportunity the world over. We also have a CEO that has seen a downgrade on his own investment since coming onboard, so he would definitely want to see a speedy turnaround.

    I feel for anyone that has held or bought in since the ~$1+ days but for everyone else there is still a story to be told. A nice contract from any ex-China market and boom...game on.

    Hopefully, we see some return of capital from the likes of Schuitema, LF, ZZ and NP if they are found to have benefited from any fraudulent activity. No director should be able to claim ignorance and walk away with millions while the rest of us have been hurt.
 
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