Scientists have been saying for decades that the world has a incredibly massive Algal bloom problem destroying waterways everywhere and growing every year and it requires 100's of millions of dollars to address it. I believe the CSIRO, creators of Phoslock, have created a world class product that allows governments to address the issue immediately, so they can then spend many decades in meetings to address the causes and make relevant changes to reduce the problem.
When you read about the algal bloom problems throughout the world, the news is endless, the problem is growing and it seems like the world governments are running around in their offices screaming about the growing destruction of waterways, but don't know what to do about it. Why don't they calm the hell down, pick up the phone and book Phoslock Environmental Technologies to fix their problem. We would be happy to help the world (for a modest fee)
On the Unites States Environmental Protection Authority website
Harmful Algal Blooms (CyanoHABs) in Water BodiesHarmful algal blooms are a major environmental problem in all 50 states. Red tides, blue-green algae, and cyanobacteria are examples of harmful algal blooms that can have severe impacts on human health, aquatic ecosystems, and the economy.
On the Guardian website
The Baltic’s dead zones
Europe has had its own experience of deadly algae blooms that now threaten the future of its fisheries. Last year, the Baltic Sea experienced a bloom so large it could have encompassed Manhattan, and it closed beaches from Finland to Poland.
Fast-spreading, foul-smelling blue-green algae smothered a lake in eastern China, contaminating the drinking water for millions of people and sparking panic-buying of bottled water, state media said Thursday. $6.50 for 2 gallons of water. Residents swarmed stores in Wuxi, a city of 5 million, to buy bottled water Wednesday and prices skyrocketed from $1 to $6.50 for a two-gallon bottle.
On Wateriqtech website
Harmful algae blooms are becoming a more serious problem across the U.S. and indeed around the world. Consider these few impacts:27% of lakes in the U.S. pose a high or moderate risk for potential exposure to algae toxins, based on measured cyanobacteria cell count.$4 billion each year is the economic impact of freshwater algae blooms in the U.S.$800 million dollars is the value of an estimated 40,000 tons of salmon choked to death by a surge in algae in Chile’s waters in early 2016.According to the EPA, scientists predict that climate change will have many effects on freshwater and marine environments. When combined with nutrient pollution, harmful algal blooms might occur more frequently, in more water bodies, and to be more intense. Algal blooms are known to endanger human health, the environment and economies. A scientific paper portrays the scale of the global algae challenge. In the early 1990s, 54% of Asian lakes, 53% of European lakes, 48% of lakes in North America, and 41% of lakes in South America were all subject to eutrophication, the term that describes an abundance of nutrients that causes accelerated growth of algae. An analysis of satellite data shows that the situation has worsened over the past 30 years in 68% of large reservoirs. Overfertilization and environmental stress is only making it worse
IMO, Phoslock Environmental Technologies is back and have learnt a lot from previous mistakes in business, the world has a HUGE problem with algal blooms, Summer season is always somewhere in the world, PET has a good cash balance and contract negotiations around the world are underway again. PET have the solution to a multi billion dollar problem that governments want to fix. I look forward to watching the growth of the company and the Share price returning to all time highs.
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