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2.5¢ phoslock environmental technologies limited

Ann: Appendix 4C Quarterly (Q4 2022) and Business Update, page-26

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Shortblack

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19/01/23

19:21

Post #: 65780983
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Originally posted by dafter1976: ↑

I understand your point. This is a quarterly cash flow statement - and any lawyer worth their salt would advise against saying anything in the middle of an investigation unless required to. I’m not an accountant but I suspect they will be required under accounting standards to include a short note in the 1/2 yearly financial statements - so something to look for there in a few weeks. Remaining silent on this in the 4C is what I would expect.

I anticipate that recoverability of the $7M will also be a matter for the financial statements rather than the 4C. The recovery of a smaller amount via Chinese courts does point to this company actually pursuing these matters - but also that they take time. Im surprised as to how successful an Aussie company has been to date through the Chinese legal system. I thought the odds would be stacked well against them.

hold off for the half yearly - then shoot the broadside if they don’t meet expectations.

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It will be the annual report that will eventually be produced in a month or two or ???

One of the things I most look forward to reviewing is the updated Top 20 Shareholders.

PET Price at posting: 3.9¢ Sentiment: Sell Disclosure: Not Held
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