Hi mickman new china partner, where are you getting this from. Are you talking about that meeting with the 100 billion mc company? Not sure if that's a new partner or just interested in our product.
anyhow I'm expecting the quarterly/ half yearly out Friday. I expect the 2019 and first half of 2020 accounts to be reissued on this date as well, and this will clear the way to start trading again. They have had enough time to redo the accounts, if they don't reissue them by then they need to have a very good explanation not just the line working on them. On trading the only reason not to start trading I can see is if they are stopping certain people from selling. Once the results are issued I'm expecting a confrence call/ online q and a session, personal I would like trading to only resume after this not just the issuing of the accounts. When the report come out I expect a complete warts and all report, what happened, who was involved, recovery process, insurance? Kmpg role and cost and why 2019 problems wasn't picked up. (Personally I'm more pissed with kmpg than someone like LF, auditors are my back stop to know that the books should be right) anything less would be pointless as they will be asked all the hard question in a q and a anyway. Not sure if I'm using the right term saying q and a but the company has said there would be a investor briefing in the past so I expect them to honour this, if they don't the new management team credibility is shot to me. I'm expecting it to be quiet upbeat actually i think we will find out we are dealing with under $1m missing no china contacts cancelled, and many confirmed to still be ongoing including xingyun and shilongba , just timing might still be to dertermind. I think we might have comments about intrest in our product from other parties and in discussions coming from the meetings in November. Wether these are just clients or another partner? We should hear receivables have come down, I would not be surprised if $10m has been received since the end of June for work done this half and receivables coming down. comments on the USA should be good, we should have hotatgong,kitsap, Utah and Morrison having more treatment this year brazil going along nicely europe, backlog of work but start times might be pushed back. other items that could come out are new licensee bedded down in Thailand, India ? plus could also see another director appointment?
thanks mickem
PET Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
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