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2.5¢ phoslock environmental technologies limited

His "abilities to deconstruct a balance sheet" cost him a lot of...

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Shortblack

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30/04/24

21:19

Post #: 73594477
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Originally posted by Fourex: ↑

Not sure about the other 2, but Newing knows how to deconstruct a balance sheet, the motivation is there for him too. The larger holders voted for this attempt to turn the company around, I'm sure that they will offer some financial support if the new board presents a probable way out of the wilderness. If not then I guess we will just have to take a hit, which won't be the first one for me, and probably wont be the last. Other water treatment companies who are making a living off the water remediation gig show that it can be done, but I won't be holding my breath waiting.

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His "abilities to deconstruct a balance sheet" cost him a lot of money. He holds no shares and there is no way forward for him to recover his losses.
He was brought in to gain general shareholder support because so many of you think he is some kind of guru. Big mistake.

He is now in charge of "operations" with no skills or prior experience in such a role. He's turned it over to an old employee who only ever generated around $700k per year in sales in Europe.

Good luck.

PET Price at posting: 2.5¢ Sentiment: Sell Disclosure: Not Held
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