@InvoNo worries, happy to help. IMO the loss is not the big issue here. There can be a number of reasons for a loss (or negative cash-flow) that are actually net positives - such as a ramp up in production. If Production is ramping it up it can indicate an increase in sales which is a good thing. I say "can" as it's not unheard of for some dodgy operators to fake this sort of stuff.
The key take away is firstly, don't believe the hype or one-eyed views of people with a vested interest. Secondly, the reduction in cash/customer receipts is a HUGE concern and I'm positive is almost entirely responsible for the pull-back in price, which may well continue today.
Even if expenses have increased owing to a production increase, this shouldn't affect money coming in from customers, it only affects money going out. And money coming in is less than half of what it was two qtrs ago - this for a company that's signing great deal after great deal in China. Lots of announcements saying one thing that are contradicted by a large drop-off in receipts spooks investors - and rightfully so (I sold all of mine on the open yesterday as soon as I read the 4C, and I had bloody high-hopes for PET).
You've got to ask yourself, if PET have signed all these deals this year for these huge water bodies in China and work has already commenced then how can they be getting less payments coming in for each of the last two qtrs? Just smells fishy, especially when you add in the very large insider selling the last six weeks. I expect this has further to fall and then quite a long time before investors who are now out consider re-entering.
Two final pieces of advice, NEVER average down and most importantly, stick at it and learn from your mistakes. GLTA
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