Full list of adjustments.TLDR: Basically Zhigangs gang faked...

Full list of adjustments.

TLDR: Basically Zhigangs gang faked invoices claimining building inventory, that much we already knew. 8 million lost in this including previous years inventory claims.

Seems like these crooks also faked revenue. 9 million lost in this form, due to, it seems "fictitious documents" were used to make it seem like we would get revenue.. but those were just dreams.

So those China contracts we were sold a dream on, were all fraudulent, and PET failed to satisfy performance obligation associated with the sale, delivery and application of Phoslock was prior to Decemeber 2019...

This is absurd. Zhigang et al's shares can hopefully be extinguished, but as for our holding, we're going to be decimated it looks like. Contract terms were never met, and revenue receipts were fake... Wow, just wow.

Are the current China Jobs we're doing legit? In light of the nothing revenue this quarter, while they still claim so many ongoing jobs, what's happening here. Were we so reckless as to not meet performance terms previously. Who does our invoice contracts and terms, what a joke.

Let's just hope it's in double digits on reopening. Only good thing is we have cash on hand (that's whatever KPMG and lawyers don't swindle first).