PET 0.00% 2.5¢ phoslock environmental technologies limited

Sorry to the shareholders but if you didn't see this coming you...

  1. 197 Posts.
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    Sorry to the shareholders but if you didn't see this coming you weren't watching close enough.

    Key management figures were actively trading shares for the past two years. Actively trading in the sense that you could of followed their lead and cleaned up. Share price shooting through the roof for no reason then they sell, diving for no reason then they buy. The pattern was obvious.

    Also understand how government money is handed out in China. Plenty of revenue came through government funding. Always going to be trimmed.

    The Chinese nationals on the management board were also affiliated with...... Oh well you get the drift.

    Sad part is the whole company has been brought to a grinding hault and the product is excellent for the good of the globe.
    I feel for those holding the bag.
 
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