Ann: Trading Halt, page-9

An issue regarding material discloses in the half year accounts?
Sounds like something to do with the company remaining a Going Concern.
Maybe PET management can’t satisfy its own board and its auditors that it will be solvent in 12 months time.
PETs survival depends higher sales, major cut in expenses, and raising loans or new equity.
Probably a combination of all. Cut senior management salaries, reduce the board before going back to the shareholders at some deeply discounted capital raising.