PET 0.00% 2.5¢ phoslock environmental technologies limited

So no plans then ...... cool.If you want to read through a...

  1. 711 Posts.
    lightbulb Created with Sketch. 459
    So no plans then ...... cool.

    If you want to read through a really interesting quarterly report, head over to AKP.
    Oh boy are they in trouble.

    It's their 36th consecutive quarterly report that discusses problems and delays. But they are confident they are nearly there after 10 years....

    Since Aug 2022 they have been waiting on the Chinese manufacturer to invest over $4 mil in AKP (at $14/share ... it's currently trading at $7.50).
    CCP hasn't given approval and there is no real indication given that they will.
    Personally I don't think right now the CCP would be too please to see Chinese investment going to what is essentially an Israeli business,
    Especially when they haven't yet come up with a product to take to market.

    Anyway, the report shows they have only enough cash to maybe cover the next 5 months. I expect the ASX will be having discussions with them regarding suspension. They need cash now.

    https://hotcopper.com.au/data/attachments/5925/5925353-e1770c0b1bcd783bfa1e1b4be3c37eeb.jpg




 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.