PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Trading Halt, page-25

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  1. 3,674 Posts.
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    As I stated above the TH is related to half year accounts and nothing else. This means accounting entries - positive or negative. If it is negative - it will mean that there systems are not reliable and the company will be suspended as one of the undertaking given to get out of suspension was that they have put more adequate controls re: accounting systems. This will entail that current management have to go as they can’t be allowed to repeat their mistakes. I will rule this scenario out as the management can’t be that stupid to highlight their shortcomings via a TH. The other option is positive like receiving money for Xingyun lake as it is out of their control and does not reflect - -vly
    Also yesterday market action points to a +ve news. Anyway we will know on Monday.
 
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