PHO 0.00% 4.0¢ phosco ltd

Ann: Trading Halt , page-6

  1. 193 Posts.
    Word from the company secretary today was that the directors who have resigned planned to do it by xmas this year and had arranged it 8 months ago.

    Was also told that the recent sell off in the last few months has been due to an unnamed finance company staking a claim in CNL shares for a project that they thought they were going to be commissioned to finance. When they didn't get the gig they actively started to sell down...

    Hopefully we get to a point where we have stopped being sold down and can head towards 80c again...

    Good luck all, although i think it could be a bumpy ride given 3 of the brains trust behind the Tunisia deal have all bailed
 
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