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2.5¢ phoslock environmental technologies limited

It's nothing to do with needing the cash - they don't really...

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deingesicht

25 Posts.

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08/08/19

09:26

Post #: 39916329
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Originally posted by Marry878: ↑

Don't need the lunch but I'll happily take they bet that they won't be raising. Here people are talking about a coming capital raise. Have you been reading the same financials as me (information in the presentation)? I'm confused. There is no need for them to raise money. You see the words 'Road Show' and assume that PET is seeking out investors. As someone with contacts in the investment world I can say with certainty that it's the other way around. Firms are seeking this company out for a meeting. I bet the MD is bombarded with requests weekly. I've said it many times and I'll say it again, this is fast becoming an ASX 200 company that is one of the most ethically green stocks in Australia. Firms want - nay NEED- stocks like this on their portfolio.

They don't need to CR and won't, so these institutional investors will wait like the rest of us and bid on the open market. Yesterday will look like a great top up to those that got in!

DYOR

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It's nothing to do with needing the cash - they don't really need the cash. They want support from the insto market.

The crossing after market was just an insto moving shares across accounts

PET Price at posting: $1.36 Sentiment: Buy Disclosure: Held
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