Ann: Florida Wetland & Lake Projects, page-62

Thanks everyone for your thoughts and comments, we certainly have a spread of views on PET's run so far and what the future might hold.

Having played this game for many, many years I factor in both technical and fundamental analysis with the latter including everything that I think is likely to be relevant to a company's performance such as the product offering, management quality, financial performance, pricing and margins, company moat, economic outlook, likely future demand and so on.

As I see it PET is in the box seat for many years to come.

• The growing problem of poor water quality caused by Ph and N run-off is being increasingly acknowledged internationally.
• Market potential is in the tens of billions of $$$..
• Phoslock is a best of breed product and basically has this niche world market to itself.
• Management is doing a solid job building product acceptance and winning contracts
• PET's offerings have found acceptance in the two largest economies that account together for around 40% of the world economy with more countries to come on board.
• Planning is underway to significantly expand production and production capacity
• .PET is profitable with solid pricing and strong margins (50% plus).
• Demand for PET's products can only grow steadily and possibly even rapidly from here.

Personally, I'm relaxed about the volatility we've seen over the past couple of months it is actually typical of newly emerging disrupter type companies and there are many local examples I could point to e.g. XRO, APT, Z1P, A2M, BUB the list goes on...

The sky is the limit...the only issue I see is whether management can ramp up production fast enough to keep pace with expected future demand.